CBSE Class 4 Mathematics Simple Interest MCQs

Question - A man took a loan from a bank at the rate of 12% per annum at simple interest. After 3 years he had to pay 5,400 as interest only for the period. The principal amount borrowed by him was ?
a) 2,000
b) 10,000
c) 20,000
d) 15,000

Answer : D

Question - If the simple interest on Re. 1 for 1 month is 1 paisa, then the rate per cent per annum will be ?
a) 10%
b) 8%
c) 12%
d) 6%

Answer : C

Question - A person deposited 500 for 4 years and 600 for 3 years at the same rate of simple interest in a bank. Altogether he received 190 as interest. The rate of simple interest per annum was ?
a) 4%
b) 5%
c) 2%
d) 3%

Answer : B

Question - A sum of Rs. 7,930 is divided into three parts and given on loan at 5% simple interest to A, B and C for 2, 3 and 4 years respectively. If the amounts of all three are equal after their respective periods of loan, then A received a loan of ?
a) Rs. 3,050
b) Rs. 2,760
c) Rs. 2,750
d) Rs. 2,800

Answer : B

Question - 1,000 is invested at 5% per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become 2,000 after ?
a) 15 years
b) 18 years
c) 20 years
d) 16 and 2/3 years

Answer : D

Question - A certain sum of money becomes three times of itself in 20 years at simple interest. In how many years does it become double of itself at the same rate of simple interest ?
a) 8 years
b) 10 years
c) 12 years
d) 14 years

Answer : B

Question - A man invests half his capital at the rate of 10% per annum, one third at 9% and the rest at 12% per annum. The average rate of interest per annum, which he gets, is ?
a) 9%
b) 10%
c) 10.5%
d) 12%

Answer : B

Question - A man lent 60,000, partly at 5% and the rest at 4% simple interest. If the total annual interest is 2560, the money lent at 4% was ?
a) 40000
b) 44000
c) 30000
d) 45000

Answer : B

Question - In how many years will a sum of money double itself at 6 and 1/4 % simple interest per annum ?
a) 24 years
b) 20 years
c) 16 years
d) 12 years

Answer : C

Question - 800 becomes 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will 800 become in 3 years ?
a) 1020.80
b) 1025
c) 1052
d) 1050

Answer : C

Question - If a man receives on one-fourth of his capital 3% interest, on two third 5% and on the remainder 11%, the percentage he receives on the whole is ?
a) 4.5%
b) 5%
c) 5.5%
d) 5.2%

Answer : B

Question - A sum of money becomes 41/40 of itself in 1/4 years at a certain rate of simple interest. The rate of interest per annum is ?
a) 10%
b) 1%
c) 2.5%
d) 5%

Answer : A

Question - A person lends 40% of his sum of money at 15% per annum, 50% of rest at 10% per annum and the rest at 18% per annum rate of interest. What would be the annual rate of interest, if the interest is calculated on the whole sum ?
a) 13.4%
b) 14.33%
c) 14.4%
d) 13.33%

Answer : C

Question - An old article is available for 12,000 at cash payment or is available for 7,000 cash payment and a monthly instalment of 630 for 8 months. The rate percent per annum is ?
a) 2.1 percent
b) 3 percent
c) 3.25 percent
d) 3.3 percent

Answer : A

Question - In what time will 1,860 amount to 2,641.20 at simple interest 12% per annum ?
a) 3 years
b) 3 and 1/2 years
c) 4 years
d) 4 and 1/2 years

Answer : B

Question - In how many years will a sum of 3,000 yield a simple interest of 1,080 at 12% per annum ?
a) 3 years
b) 2 and 1/2 years
c) 2 years
d) 3 and 1/2 years

Answer : A

Question - The population of a village decreases at the rate of 20% per annum. If its population 2 years ago was 10,000, the present population is ?
a) 4600
b) 6400
c) 7600
d) 6000

Answer : B

Question - The amount 2,100 became 2,352 in 2 years at simple interest. If the interest rate is decreased by 1%, what is the new interest ?
a) 210
b) 220
c) 242
d) 252

Answer : A

Question - In how many years will the simple interest on a sum of money be equal to the principal at the rate of 16 and 2/3 % per annum ?
a) 4 years
b) 5 years
c) 6 years
d) 8 years

Answer : C

Question - A sum of money lent out at simple interest amounts to 720 after 2 years and to 1020 after a further period of 5 years. The sum is ?
a) 500
b) 600
c) 700
d) 710

Answer : B

Question - A person borrows 5,000 for 2 years at 4% per annum simple interest. He immediately lends it to another person at 6 and 1/4 % per annum simple interest for 2 years. His gain in the transaction is ?
a) 112.50
b) 450
c) 225
d) 150

Answer : C

Question - The effective annual rate of interest, corresponding to a nominal rate of 6% per annum payable half yearly, is ?
a) 6.06%
b) 6.07%
c) 6.08%
d) 6.09%

Answer : D

Question - If a sum of money becomes Rs. 4000 in 2 years and Rs. 5500 in 4 years 6 months at the same rate of simple interest per annum, then the rate of simple interest is ?
a) 21 and 3/7 %
b) 21 and 2/7 %
c) 21 and 1/7 %
d) 21 and 5/7 %

Answer : A

Question - A certain sum of money amounts to 756 in 2 years and to 873 in 3 and 1/2 years at a certain rate of simple interest. The rate of interest per annum is ?
a) 10%
b) 11%
c) 12%
d) 13%

Answer : D

Question - A certain sum of money amounts to Rs. 2200 at 5% p.a. rate of interest, Rs. 2320 at 8% interest in the same period of time. The period of time is ?
a) 3 years
b) 4 years
c) 5 years
d) 2 years

Answer : D

Question - A sum of money was invested at a certain rate of simple interest for 2 years . Had it been invested at 1% higher rate, it would have fetched 24 more interest. The sum of money is : ?
a) 1200
b) 1050
c) 1000
d) 9600

Answer : A

Question - A person invests money in three different schemes for 6 years, 10 years and 12 years at 10 per cent, 12 per cent and 15 per cent simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investment is ?
a) 6 : 3 : 2
b) 2 : 3 : 4
c) 3 : 4 : 6
d) 3 : 4 : 2

Answer : A

Question - A sum of money at simple interest trebles itself in 15 years. It will become 5 times of itself in ?
a) 40 years
b) 36 years
c) 30 years
d) 25 years

Answer : C

Question - A man loses 55.50 yearly when the annual rate of interest falls from 11.5% to 10%. His capital (in rupees) is ?a) 3700
b) 7400
c) 8325
d) 11100

Answer : A

Question - 6,000 becomes 7,200 in 4 years at a certain rate of simple interest. If the rate becomes 1.5 times of itself, the amount of the same principal in 5 years will be ?
a) 8,000
b) 8,250
c) 9,250
d) 9,000

Answer : B

Question - The simple interest on Rs. 36,000 for the period from 5th January to 31st May, 2013 at 9.5% per annum is ?
a) Rs. 1,338
b) Rs. 1,425
c) Rs. 1,400
d) Rs. 1,368

Answer : D