CBSE Class 5 Mathematics Simple Interest MCQs

Question - 500 was invested at 12% per annum simple interest and a certain sum of money invested at 10% per annum simple interest. If the sum of the interest on both the sum after 4 years is 480, the latter sum of money is ?
a) 450
b) 750
c) 600
d) 550

Answer : C

Question - In how many years a sum of Rs. 3000 will yield an interest of Rs. 1080 at 12% per annum simple interest ?
a) 4 years
b) 3 years
c) 5 years
d) 6 years

Answer : B

Question - Mohan lent some amount of money at 9% simple interest and an equal amount of money at 10% simple interest each for two years. If his total interest was Rs. 760, what amount was lent in each case ?
a) 1700
b) 1800
c) 1900
d) 2000

Answer : D

Question - What equal instalment of annual payment will discharge a debt which is due as 848 at the end of 4 years at 4% per annum simple interest ?
a) 212
b) 200
c) 250
d) 225

Answer : B

Question - In what time will 8,000, at 3% per annum, produce the same interest as 6, 000 does in 5 years at 4 % simple interest ?
a) 5 years
b) 6 years
c) 3 years
d) 4 years

Answer : A

Question - The simple interest on a sum for 5 years is two-fifth of the sum. The rate of interest per annum is ?
a) 0.1
b) 0.08
c) 0.06
d) 0.04

Answer : B

Question - A sum was invested on simple interest at a certain rate for 2 years. Had it been put at 3% higher rate, it would have fetched 72 more. The sum is ?
a) 1,200
b) 1,500
c) 1,600
d) 1,800

Answer : A

Question - John invested a sum of money at an annual simple interest rate of 10%. At the end of four years the amount invested plus interest earned was 770. The amount invested was ?
a) 650
b) 350
c) 550
d) 500

Answer : C

Question - A sum was lent at simple interest at a certain rate for 2 years. Had it been lent at 3% higher rate, it would have fetched 300 more. The original sum of money was ?
a) 5000
b) 6000
c) 7000
d) 4000

Answer : A

Question - A sum amounts to double in 8 years by simple interest. Then the rate of simple interest per annum is ?
a) 10%
b) 12.5%
c) 15%
d) 20%

Answer : B

Question - A sum of Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will the same sum become in 3 years ?
a) Rs. 1025
b) RS. 1042
c) Rs. 1052
d) Rs. 1024

Answer : C

Question - A man buys a TV priced at Rs. 16000. He pays Rs. 4000 at once and the rest after 15 months on which he is charged a simple interest at the rate of 12% per year. The total amount he pays for the TV is ?
a) Rs. 18,200
b) Rs. 17,800
c) Rs. 16,800
d) Rs. 17,200

Answer : B

Question - In what time will 72 become 81 at 6 and 1/4 % per annum simple interest ?
a) 2 years
b) 3 years
c) 2 years 6 months
d) None of these

Answer : A

Question - A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was ?
a) Rs. 2000
b) Rs. 10,000
c) Rs. 15,000
d) Rs. 20,000

Answer : C

Question - If the simple interest on a certain sum of money for 15 months at 7 and 1/2 % per annum exceeds the simple interest on the same sum for 8 months at 12 and 1/2 % per annum by 32.50, then the sum of money (in ) is ?
a) 312
b) 312.50
c) 3120
d) 3120.50

Answer : C

Question - If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after ?
a) 20 years
b) 30 years
c) 10 years
d) 22 years

Answer : A

Question - At the same rate of simple interest sum of the interest of 300 for 4 years and the interest of 400 for 3 years is 120. The rate of interest is ?
a) 5 %
b) 4%
c) 6%
d) 10%

Answer : A

Question - In a certain time, the ratio of a certain principal and the simple interest obtained from it are in the ratio 10 : 3 at 10% interest per annum. The number of years the money was invested is ?
a) 1 year
b) 3 years
c) 5 years
d) 7 years

Answer : B

Question - Ram deposited a certain sum of money in a company at 12% per annum simple interest for 4 years and deposited equal amount in fixed deposit in a bank for 5 years at 15% per annum simple interest. If the difference in the interest from two sources is 1350, then the sum deposited in each case is : ?
a) 3000
b) 4000
c) 5000
d) 6500

Answer : C

Question - A sum of money lent out at simple interest amounts to Rs. 720 after 2 years and Rs. 1020 after a further period of 5 years. Find the principal ?
a) Rs. 600
b) Rs. 1740
c) Rs. 6000
d) Rs. 120

Answer : A

Question - A person who pays income tax at the rate of 4 paise per rupee, find that a fall of interest rate from 4% to 3.75% diminishes his net yearly income by 48. What is his capital ?
a) 24,000
b) 25,000
c) 20,000
d) 18,000

Answer : C

Question - A sum of money amounts to 850 in 3 years and to 925 in 4 years at some rate of simple interest. The sum is ?
a) 550
b) 600
c) 625
d) 700

Answer : C

Question - The sum of money, that will give 1 as interest per day at the rate of 5% per annum simple interest is ?
a) 3650
b) 36500
c) 36500
d) 7300

Answer : D

Question - The rate of simple interest per annum at which a sum of money doubles itself in 16 and 2/3 years is ?
a) 4 %
b) 5 %
c) 6 %
d) 7 %

Answer : C

Question - A sum of 1600 gives a simple interest of 252 in 2 years and 3 months. The rate of interest per annum is ?
a) 5 and 1/2 %
b) 8%
c) 7%
d) 6%

Answer : C

Question - If ratio of principal and simple interest for 1 year is 25 : 1, then the rate of interest is ?
a) 4%
b) 25%
c) 5%
d) 20%

Answer : A

Question - The principal which gives 1 interest per day at a rate of 5% simple interest per annum is ?
a) 5000
b) 7300
c) 36500
d) 3650

Answer : B

Question - A sum of 10,000 is lent partly at 8% and remaining at 10% per annum. If the yearly interest on the average is 9.2%, the two parts are ?
a) 4000, 6000
b) 4500, 5500
c) 5000, 5000
d) 5500, 4500

Answer : A

Question - A sum of money at simple interest amounts to 1,012 in 2 and 1/2 years and to 1,067.20 in 4 years. The rate of interest per annum is ?
a) 2.5%
b) 3%
c) 4%
d) 5%

Answer : C

Question - The simple interest on a certain sum at 5% per annum for 3 years and 4 years differ by 42. The sum is ?
a) 210
b) 280
c) 750
d) 840

Answer : D