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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Page 12 of 55
Question #221
A sum amounts to Rs. 179760 in 5 years at 8% SI. Principal
A. Rs. 133000
B. Rs. 134000
C. Rs. 131000
D. Rs. 132000
Discuss
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Correct Answer: Option A

Explanation:
SI = 46760. P = 179760 - 46760 = 133000.
This question belongs to: Maths Simple Interest
Question #222
Rate when Rs. 371000 amounts to Rs. 482300 in 3 years
A. 10%
B. 8%
C. 9%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 111300. R = (111300 * 100)/(371000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #223
Years for Rs. 378000 at 11% to give Rs. 249480 interest
A. 4 years
B. 5 years
C. 6 years
D. 7 years
Discuss
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Correct Answer: Option C

Explanation:
T = (249480 * 100)/(378000 * 11) = 6 years.
This question belongs to: Maths Simple Interest
Question #224
Simple interest on Rs. 220500 for 2 years at 17%
A. Rs. 75370
B. Rs. 75170
C. Rs. 74970
D. Rs. 74770
Discuss
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Correct Answer: Option C

Explanation:
SI = (220500 * 17 * 2)/100 = 74970.
This question belongs to: Maths Simple Interest
Question #225
Principal for Rs. 537600 interest in 7 years at 12%
A. Rs. 640000
B. Rs. 638000
C. Rs. 639000
D. Rs. 641000
Discuss
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Correct Answer: Option A

Explanation:
P = (537600 * 100)/(12 * 7) = 640000.
This question belongs to: Maths Simple Interest
Question #226
A sum at 14% SI for 4 years amounts to Rs. 280000. Principal
A. Rs. 175000
B. Rs. 176000
C. Rs. 174000
D. Rs. 173000
Discuss
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Correct Answer: Option A

Explanation:
SI = 105000. P = 280000 - 105000 = 175000.
This question belongs to: Maths Simple Interest
Question #227
Rate for Rs. 385000 to Rs. 500500 in 3 years SI
A. 9%
B. 12%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 115500. R = (115500 * 100)/(385000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #228
Time for Rs. 392000 at 12% to amount Rs. 548800
A. 3 years
B. 4 years
C. 6 years
D. 5 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 156800. T = (156800 * 100)/(392000 * 12) = 4 years.
This question belongs to: Maths Simple Interest
Question #229
SI on Rs. 227500 for 5 years at 7%
A. Rs. 79425
B. Rs. 79825
C. Rs. 80025
D. Rs. 79625
Discuss
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Correct Answer: Option D

Explanation:
SI = (227500 * 7 * 5)/100 = 79625.
This question belongs to: Maths Simple Interest
Question #230
The principal giving Rs. 571200 SI in 8 years at 13%
A. Rs. 550000
B. Rs. 548000
C. Rs. 551000
D. Rs. 549000
Discuss
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Correct Answer: Option A

Explanation:
P = (571200 * 100)/(13 * 8) = 550000.
This question belongs to: Maths Simple Interest
Question #231
A sum amounts to Rs. 187320 in 6 years at 9% SI. Principal
A. Rs. 134000
B. Rs. 131000
C. Rs. 132000
D. Rs. 133000
Discuss
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Correct Answer: Option D

Explanation:
SI = 54320. P = 187320 - 54320 = 133000.
This question belongs to: Maths Simple Interest
Question #232
Rate when Rs. 399000 amounts to Rs. 518700 in 3 years
A. 8%
B. 10%
C. 12%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
SI = 119700. R = (119700 * 100)/(399000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #233
Years for Rs. 406000 at 10% to give Rs. 243600 interest
A. 7 years
B. 5 years
C. 6 years
D. 4 years
Discuss
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Correct Answer: Option C

Explanation:
T = (243600 * 100)/(406000 * 10) = 6 years.
This question belongs to: Maths Simple Interest
Question #234
Simple interest on Rs. 234500 for 3 years at 18%
A. Rs. 126630
B. Rs. 126430
C. Rs. 127030
D. Rs. 126830
Discuss
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Correct Answer: Option A

Explanation:
SI = (234500 * 18 * 3)/100 = 126630.
This question belongs to: Maths Simple Interest
Question #235
Principal for Rs. 604800 interest in 9 years at 8%
A. Rs. 840000
B. Rs. 841000
C. Rs. 838000
D. Rs. 839000
Discuss
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Correct Answer: Option A

Explanation:
P = (604800 * 100)/(8 * 9) = 840000.
This question belongs to: Maths Simple Interest
Question #236
A sum at 15% SI for 4 years amounts to Rs. 336000. Principal
A. Rs. 211000
B. Rs. 209000
C. Rs. 208000
D. Rs. 210000
Discuss
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Correct Answer: Option D

Explanation:
SI = 126000. P = 336000 - 126000 = 210000.
This question belongs to: Maths Simple Interest
Question #237
Rate for Rs. 413000 to Rs. 536900 in 3 years SI
A. 9%
B. 10%
C. 8%
D. 12%
Discuss
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Correct Answer: Option B

Explanation:
SI = 123900. R = (123900 * 100)/(413000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #238
Time for Rs. 420000 at 11% to amount Rs. 588000
A. 6 years
B. 5 years
C. 3 years
D. 4 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 168000. T = (168000 * 100)/(420000 * 11) = 4 years.
This question belongs to: Maths Simple Interest
Question #239
SI on Rs. 241500 for 2 years at 19%
A. Rs. 91970
B. Rs. 92170
C. Rs. 91570
D. Rs. 91770
Discuss
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Correct Answer: Option D

Explanation:
SI = (241500 * 19 * 2)/100 = 91770.
This question belongs to: Maths Simple Interest
Question #240
The principal giving Rs. 638400 SI in 7 years at 13%
A. Rs. 699000
B. Rs. 698000
C. Rs. 700000
D. Rs. 701000
Discuss
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Correct Answer: Option C

Explanation:
P = (638400 * 100)/(13 * 7) = 700000.
This question belongs to: Maths Simple Interest

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