Simple Interest Calculation Quiz
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Questions and Answers

Which one of the following options represents the correct sum?

  • Rs. 5000
  • Rs. 5500
  • Rs. 4016.25
  • Rs. 4500 (correct)

Which one of the following options represents the correct interest rate?

  • 8%
  • 6%
  • 9% (correct)
  • 7%

Which one of the following options represents the correct duration in years?

  • 6 years
  • 3 years
  • 4 years
  • 5 years (correct)

Which one of the following options represents the correct simple interest earned?

<p>Rs. 401.25 (D)</p> Signup and view all the answers

Which one of the following options represents the correct interest rate per annum?

<p>9% (C)</p> Signup and view all the answers

Which one of the following options represents the correct time period in years?

<p>5 (B)</p> Signup and view all the answers

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