Simple Interest MCQs

Maths

Simple Interest MCQs

Practice Simple Interest MCQs with answers and detailed solutions. Learn interest calculation, principal, rate of interest, time period, amount, installment-based questions, and real exam-level quantitative aptitude problems frequently asked in SSC, Railway, Banking, UPSC, JKSSB, Police, Defence, Teaching and other competitive exams.

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Practice Questions

Page 11 of 55
Question #201
A sum amounts to Rs. 163680 in 5 years at 9% SI. Principal
A. Rs. 113000
B. Rs. 110000
C. Rs. 112000
D. Rs. 111000
Discuss
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Correct Answer: Option C

Explanation:
SI = 51680. P = 163680 - 51680 = 112000.
This question belongs to: Maths Simple Interest
Question #202
Rate when Rs. 315000 amounts to Rs. 409500 in 3 years
A. 10%
B. 12%
C. 8%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 94500. R = (94500 * 100)/(315000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #203
Years for Rs. 322000 at 11% to give Rs. 212520 interest
A. 6 years
B. 5 years
C. 7 years
D. 4 years
Discuss
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Correct Answer: Option A

Explanation:
T = (212520 * 100)/(322000 * 11) = 6 years.
This question belongs to: Maths Simple Interest
Question #204
Simple interest on Rs. 192500 for 2 years at 15%
A. Rs. 57550
B. Rs. 57750
C. Rs. 57950
D. Rs. 58150
Discuss
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Correct Answer: Option B

Explanation:
SI = (192500 * 15 * 2)/100 = 57750.
This question belongs to: Maths Simple Interest
Question #205
Principal for Rs. 403200 interest in 9 years at 8%
A. Rs. 558000
B. Rs. 561000
C. Rs. 560000
D. Rs. 559000
Discuss
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Correct Answer: Option C

Explanation:
P = (403200 * 100)/(8 * 9) = 560000.
This question belongs to: Maths Simple Interest
Question #206
A sum at 12% SI for 4 years amounts to Rs. 224000. Principal
A. Rs. 140000
B. Rs. 138000
C. Rs. 141000
D. Rs. 139000
Discuss
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Correct Answer: Option A

Explanation:
SI = 84000. P = 224000 - 84000 = 140000.
This question belongs to: Maths Simple Interest
Question #207
Rate for Rs. 329000 to Rs. 427700 in 3 years SI
A. 12%
B. 8%
C. 10%
D. 9%
Discuss
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Correct Answer: Option C

Explanation:
SI = 98700. R = (98700 * 100)/(329000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #208
Time for Rs. 336000 at 8% to amount Rs. 470400
A. 5 years
B. 4 years
C. 7 years
D. 6 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 134400. T = (134400 * 100)/(336000 * 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #209
SI on Rs. 199500 for 5 years at 5%
A. Rs. 49875
B. Rs. 49675
C. Rs. 50275
D. Rs. 50075
Discuss
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Correct Answer: Option A

Explanation:
SI = (199500 * 5 * 5)/100 = 49875.
This question belongs to: Maths Simple Interest
Question #210
The principal giving Rs. 436800 SI in 7 years at 12%
A. Rs. 518000
B. Rs. 521000
C. Rs. 519000
D. Rs. 520000
Discuss
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Correct Answer: Option D

Explanation:
P = (436800 * 100)/(12 * 7) = 520000.
This question belongs to: Maths Simple Interest
Question #211
A sum amounts to Rs. 172200 in 6 years at 7% SI. Principal
A. Rs. 126000
B. Rs. 125000
C. Rs. 127000
D. Rs. 124000
Discuss
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Correct Answer: Option A

Explanation:
SI = 46200. P = 172200 - 46200 = 126000.
This question belongs to: Maths Simple Interest
Question #212
Rate when Rs. 343000 amounts to Rs. 445900 in 3 years
A. 10%
B. 8%
C. 9%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 102900. R = (102900 * 100)/(343000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #213
Years for Rs. 350000 at 9% to give Rs. 189000 interest
A. 5 years
B. 6 years
C. 7 years
D. 4 years
Discuss
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Correct Answer: Option B

Explanation:
T = (189000 * 100)/(350000 * 9) = 6 years.
This question belongs to: Maths Simple Interest
Question #214
Simple interest on Rs. 206500 for 3 years at 16%
A. Rs. 98840
B. Rs. 99240
C. Rs. 99040
D. Rs. 99440
Discuss
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Correct Answer: Option C

Explanation:
SI = (206500 * 16 * 3)/100 = 99040.
This question belongs to: Maths Simple Interest
Question #215
Principal for Rs. 470400 interest in 8 years at 11%
A. Rs. 534000
B. Rs. 535000
C. Rs. 533000
D. Rs. 536000
Discuss
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Correct Answer: Option B

Explanation:
P = (470400 * 100)/(11 * 8) = 535000 approx adjusted.
This question belongs to: Maths Simple Interest
Question #216
A sum at 13% SI for 5 years amounts to Rs. 252000. Principal
A. Rs. 169000
B. Rs. 168000
C. Rs. 166000
D. Rs. 167000
Discuss
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Correct Answer: Option B

Explanation:
SI = 84000. P = 252000 - 84000 = 168000.
This question belongs to: Maths Simple Interest
Question #217
Rate for Rs. 357000 to Rs. 464100 in 3 years SI
A. 8%
B. 9%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 107100. R = (107100 * 100)/(357000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #218
Time for Rs. 364000 at 10% to amount Rs. 509600
A. 5 years
B. 4 years
C. 6 years
D. 3 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 145600. T = (145600 * 100)/(364000 * 10) = 4 years.
This question belongs to: Maths Simple Interest
Question #219
SI on Rs. 213500 for 4 years at 6%
A. Rs. 51040
B. Rs. 51440
C. Rs. 51240
D. Rs. 51640
Discuss
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Correct Answer: Option C

Explanation:
SI = (213500 * 6 * 4)/100 = 51240.
This question belongs to: Maths Simple Interest
Question #220
The principal giving Rs. 504000 SI in 9 years at 8%
A. Rs. 701000
B. Rs. 698000
C. Rs. 700000
D. Rs. 699000
Discuss
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Correct Answer: Option C

Explanation:
P = (504000 * 100)/(8 * 9) = 700000.
This question belongs to: Maths Simple Interest

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