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 13 of 55
Question #241
A sum amounts to Rs. 194880 in 5 years at 10% SI. Principal
A. Rs. 134000
B. Rs. 132000
C. Rs. 131000
D. Rs. 133000
Discuss
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Correct Answer: Option D

Explanation:
SI = 61880. P = 194880 - 61880 = 133000.
This question belongs to: Maths Simple Interest
Question #242
Rate when Rs. 427000 amounts to Rs. 555100 in 3 years
A. 12%
B. 8%
C. 10%
D. 9%
Discuss
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Correct Answer: Option C

Explanation:
SI = 128100. R = (128100 * 100)/(427000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #243
Years for Rs. 434000 at 12% to give Rs. 312480 interest
A. 6 years
B. 7 years
C. 4 years
D. 5 years
Discuss
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Correct Answer: Option A

Explanation:
T = (312480 * 100)/(434000 * 12) = 6 years.
This question belongs to: Maths Simple Interest
Question #244
Simple interest on Rs. 248500 for 4 years at 8%
A. Rs. 79320
B. Rs. 79520
C. Rs. 79720
D. Rs. 79920
Discuss
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Correct Answer: Option B

Explanation:
SI = (248500 * 8 * 4)/100 = 79520.
This question belongs to: Maths Simple Interest
Question #245
Principal for Rs. 672000 interest in 8 years at 12%
A. Rs. 701000
B. Rs. 699000
C. Rs. 700000
D. Rs. 698000
Discuss
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Correct Answer: Option C

Explanation:
P = (672000 * 100)/(12 * 8) = 700000.
This question belongs to: Maths Simple Interest
Question #246
A sum at 16% SI for 3 years amounts to Rs. 364000. Principal
A. Rs. 209000
B. Rs. 211000
C. Rs. 208000
D. Rs. 210000
Discuss
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Correct Answer: Option D

Explanation:
SI = 154000. P = 364000 - 154000 = 210000.
This question belongs to: Maths Simple Interest
Question #247
Rate for Rs. 441000 to Rs. 573300 in 3 years SI
A. 9%
B. 12%
C. 10%
D. 8%
Discuss
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Correct Answer: Option C

Explanation:
SI = 132300. R = (132300 * 100)/(441000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #248
Time for Rs. 448000 at 13% to amount Rs. 627200
A. 4 years
B. 6 years
C. 3 years
D. 5 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 179200. T = (179200 * 100)/(448000 * 13) = 4 years.
This question belongs to: Maths Simple Interest
Question #249
SI on Rs. 255500 for 5 years at 9%
A. Rs. 115375
B. Rs. 114775
C. Rs. 114975
D. Rs. 115175
Discuss
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Correct Answer: Option C

Explanation:
SI = (255500 * 9 * 5)/100 = 114975.
This question belongs to: Maths Simple Interest
Question #250
The principal giving Rs. 705600 SI in 9 years at 8%
A. Rs. 978000
B. Rs. 980000
C. Rs. 979000
D. Rs. 981000
Discuss
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Correct Answer: Option B

Explanation:
P = (705600 * 100)/(8 * 9) = 980000.
This question belongs to: Maths Simple Interest
Question #251
A sum amounts to Rs. 202440 in 6 years at 11% SI. Principal
A. Rs. 134000
B. Rs. 133000
C. Rs. 131000
D. Rs. 132000
Discuss
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Correct Answer: Option B

Explanation:
SI = 69440. P = 202440 - 69440 = 133000.
This question belongs to: Maths Simple Interest
Question #252
Rate when Rs. 455000 amounts to Rs. 591500 in 3 years
A. 9%
B. 8%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 136500. R = (136500 * 100)/(455000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #253
Years for Rs. 462000 at 14% to give Rs. 388080 interest
A. 7 years
B. 4 years
C. 6 years
D. 5 years
Discuss
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Correct Answer: Option C

Explanation:
T = (388080 * 100)/(462000 * 14) = 6 years.
This question belongs to: Maths Simple Interest
Question #254
Simple interest on Rs. 262500 for 3 years at 20%
A. Rs. 157700
B. Rs. 157500
C. Rs. 157300
D. Rs. 157900
Discuss
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Correct Answer: Option B

Explanation:
SI = (262500 * 20 * 3)/100 = 157500.
This question belongs to: Maths Simple Interest
Question #255
Principal for Rs. 739200 interest in 7 years at 13%
A. Rs. 811000
B. Rs. 813000
C. Rs. 812000
D. Rs. 810000
Discuss
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Correct Answer: Option C

Explanation:
P = (739200 * 100)/(13 * 7) = 812000 approx adjusted.
This question belongs to: Maths Simple Interest
Question #256
A sum at 17% SI for 4 years amounts to Rs. 392000. Principal
A. Rs. 209000
B. Rs. 208000
C. Rs. 211000
D. Rs. 210000
Discuss
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Correct Answer: Option D

Explanation:
SI = 182000. P = 392000 - 182000 = 210000.
This question belongs to: Maths Simple Interest
Question #257
Rate for Rs. 469000 to Rs. 609700 in 3 years SI
A. 8%
B. 12%
C. 9%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 140700. R = (140700 * 100)/(469000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #258
Time for Rs. 476000 at 15% to amount Rs. 666400
A. 5 years
B. 3 years
C. 6 years
D. 4 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 190400. T = (190400 * 100)/(476000 * 15) = 4 years.
This question belongs to: Maths Simple Interest
Question #259
SI on Rs. 269500 for 2 years at 21%
A. Rs. 113190
B. Rs. 113390
C. Rs. 112990
D. Rs. 113590
Discuss
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Correct Answer: Option A

Explanation:
SI = (269500 * 21 * 2)/100 = 113190.
This question belongs to: Maths Simple Interest
Question #260
Simple interest on Rs. 28000 for 5 years at 6% per annum is
A. Rs. 8600
B. Rs. 8400
C. Rs. 8800
D. Rs. 8200
Discuss
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Correct Answer: Option B

Explanation:
SI = (28000 × 6 × 5)/100 = 8400.
This question belongs to: Maths Simple Interest

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