# Simple Interest Quizzes & Trivia

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Questions: 12  |  Attempts: 1542   |  Last updated: Oct 26, 2020
• Sample Question
A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?    This test involves the use of the simple interest formula to find, principal P, amount A, Rate R, Time in years, Simple InterestI let's begin and learn about it!

Questions: 9  |  Attempts: 5640   |  Last updated: Jan 19, 2021
• Sample Question
Mr.   Smith deposited \$40, 000 in a bank and earned simple interest at 7 % per annum for two years. Calculate the interest earned at the end of the period.     Questions: 45  |  Attempts: 127   |  Last updated: Feb 14, 2013
• Sample Question
S.I on Rs. 3500 for 3 years at 12% per annum is    Questions: 10  |  Attempts: 242   |  Last updated: Jun 23, 2020
• Sample Question
Which is the formula for simple interest?    Simple interest is the part of math and the formula is A = P(1 + rt). Take this quiz and solve all these questions related to simple interest

Questions: 10  |  Attempts: 177   |  Last updated: Sep 25, 2020
• Sample Question
Banks offer the interest as an "incentive" to customers who open accounts. What does "incentive" mean?     Related 