Simple Interest

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Q. A loan of $5000 is taken at a simple interest rate of 9% per annum. How much interest will be paid after 2 years?
  • A. $900
  • B. $800
  • C. $700
  • D. $600
Q. A loan of $5000 is taken for 2 years at a simple interest rate of 8%. What will be the total amount to be paid back?
  • A. $5400
  • B. $5600
  • C. $5800
  • D. $6000
Q. A loan of $5000 is taken for 3 years at a simple interest rate of 9%. What will be the total amount to be paid back?
  • A. $6000
  • B. $6500
  • C. $7000
  • D. $7200
Q. A person invests $2500 at a simple interest rate of 10% per annum. How much interest will he earn in 6 years?
  • A. $150
  • B. $200
  • C. $300
  • D. $400
Q. A sum of $1500 is invested at a simple interest rate of 4% per annum. How much interest will be earned in 5 years?
  • A. $200
  • B. $300
  • C. $250
  • D. $150
Q. A sum of money doubles itself in 10 years at simple interest. What is the rate of interest?
  • A. 5%
  • B. 10%
  • C. 15%
  • D. 20%
Q. If a person earns $120 as simple interest on a principal of $800 in 2 years, what is the rate of interest per annum?
  • A. 5%
  • B. 6%
  • C. 7.5%
  • D. 8%
Q. If a person earns $180 as simple interest on a principal of $1200 in 3 years, what is the rate of interest?
  • A. 4%
  • B. 5%
  • C. 6%
  • D. 7%
Q. If a person invests $3000 at a simple interest rate of 7% per annum, how much interest will he earn in 6 years?
  • A. $1260
  • B. $1440
  • C. $1500
  • D. $1800
Q. If a person invests $800 at a simple interest rate of 7% per annum, how much interest will he earn in 2 years?
  • A. $100
  • B. $112
  • C. $120
  • D. $140
Q. If the principal amount is $2000 and the rate of interest is 5% per annum, what will be the simple interest for 3 years?
  • A. $300
  • B. $400
  • C. $500
  • D. $600
Q. If the simple interest on a certain amount for 4 years is $200 at a rate of 5% per annum, what is the amount?
  • A. $800
  • B. $1000
  • C. $1200
  • D. $1500
Q. If the simple interest on a sum of money for 3 years is $150 at a rate of 5% per annum, what is the principal amount?
  • A. $1000
  • B. $900
  • C. $800
  • D. $750
Q. If the simple interest on a sum of money is $240 after 4 years at a rate of 6% per annum, what is the principal?
  • A. $1000
  • B. $1200
  • C. $1500
  • D. $1600
Q. If the simple interest on a sum of money is $240 after 4 years at a rate of 6% per annum, what is the principal amount?
  • A. $1000
  • B. $1200
  • C. $1500
  • D. $1600
Q. What is the total amount after 2 years if $1000 is invested at a simple interest rate of 6% per annum?
  • A. $1120
  • B. $1160
  • C. $1180
  • D. $1200
Q. What will be the simple interest on a principal of $2500 at a rate of 8% per annum for 4 years?
  • A. $600
  • B. $800
  • C. $700
  • D. $500
Q. What will be the total amount after 4 years if $1000 is invested at a simple interest rate of 6% per annum?
  • A. $1200
  • B. $1400
  • C. $1600
  • D. $1800
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