Simple Interest Practice Test – Set 3

What sum of money will amount to ₹9,200 in 3 years at 10% p.a. simple interest?

A person invested ₹8,000 for 4 years at simple interest. If the interest earned was ₹2,560, what was the annual interest rate?

If the simple interest on a principal sum of ₹16,000 for 3 years is ₹4,320, find the simple interest on ₹24,000 at the same rate for 2 years.

A sum of money amounts to ₹7,000 in 2 years and ₹8,500 in 5 years at simple interest. Find the rate of interest per annum.

A sum of ₹21,000 is invested in two schemes for 2 years. Scheme A yields 6% p.a. simple interest and Scheme B yields 9% p.a. simple interest. If the total interest from both schemes is ₹3,150, how much was invested in Scheme A?