Simple Interest

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Q. If the simple interest on a sum of money is $450 after 3 years at a rate of 5% per annum, what is the principal amount?
  • A. $3000
  • B. $2500
  • C. $2000
  • D. $1500
Q. What is the simple interest on a principal of $1200 at a rate of 10% per annum for 5 years?
  • A. $600
  • B. $500
  • C. $400
  • D. $300
Q. What is the simple interest on a principal of $1200 at a rate of 9% per annum for 5 years?
  • A. $540
  • B. $600
  • C. $720
  • D. $800
Q. What is the simple interest on a principal of $3000 at a rate of 5% per annum for 2 years?
  • A. $200
  • B. $300
  • C. $400
  • D. $500
Q. What is the simple interest on a principal of $6000 at a rate of 10% per annum for 5 years?
  • A. $3000
  • B. $2500
  • C. $2000
  • D. $1500
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 is the total amount after 2 years if $800 is invested at a simple interest rate of 3% per annum?
  • A. $824
  • B. $840
  • C. $848
  • D. $860
Q. What will be the simple interest on a principal of $2500 at a rate of 7% per annum for 4 years?
  • A. $700
  • B. $800
  • C. $900
  • D. $1000
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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