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 15 of 55
Question #281
At what rate percent will Rs. 20100 give Rs. 5427 interest in 3 years?
A. 8%
B. 9%
C. 10%
D. 11%
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Correct Answer: Option B

Explanation:
R = (5427 × 100)/(20100 × 3) = 9%.
This question belongs to: Maths Simple Interest
Question #282
At what rate percent will Rs. 20200 give Rs. 2020 interest in 2 years?
A. 6%
B. 7%
C. 5%
D. 4%
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Correct Answer: Option C

Explanation:
R = (2020 × 100)/(20200 × 2) = 5%.
This question belongs to: Maths Simple Interest
Question #283
A sum of Rs. 50300 amounts to Rs. 77965 in 5 years at simple interest. The rate is
A. 11%
B. 10%
C. 12%
D. 13%
Discuss
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Correct Answer: Option A

Explanation:
SI = 27665. R = (27665 × 100)/(50300 × 5) = 11%.
This question belongs to: Maths Simple Interest
Question #284
The principal that gives Rs. 2448 interest in 2 years at 6% SI is
A. Rs. 20400
B. Rs. 21400
C. Rs. 19400
D. Rs. 18400
Discuss
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Correct Answer: Option A

Explanation:
P = (2448 × 100)/(6 × 2) = 20400.
This question belongs to: Maths Simple Interest
Question #285
In how many years will Rs. 40500 amount to Rs. 69660 at 12% simple interest?
A. 5 years
B. 8 years
C. 7 years
D. 6 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 29160. T = (29160 × 100)/(40500 × 12) = 6 years.
This question belongs to: Maths Simple Interest
Question #286
A sum of Rs. 35600 amounts to Rs. 40584 in 2 years at simple interest. The rate is
A. 7%
B. 6%
C. 9%
D. 8%
Discuss
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Correct Answer: Option A

Explanation:
SI = 4984. R = (4984 × 100)/(35600 × 2) = 7%.
This question belongs to: Maths Simple Interest
Question #287
Simple interest on Rs. 20700 for 5 years at 11% per annum is
A. Rs. 11785
B. Rs. 11385
C. Rs. 11185
D. Rs. 11585
Discuss
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Correct Answer: Option B

Explanation:
SI = (20700 × 11 × 5)/100 = 11385.
This question belongs to: Maths Simple Interest
Question #288
Simple interest on Rs. 20800 for 8 years at 12% per annum is
A. Rs. 20368
B. Rs. 19968
C. Rs. 20168
D. Rs. 19768
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Correct Answer: Option B

Explanation:
SI = (20800 × 12 × 8)/100 = 19968.
This question belongs to: Maths Simple Interest
Question #289
The principal that gives Rs. 15120 interest in 4 years at 9% SI is
A. Rs. 43000
B. Rs. 41000
C. Rs. 40000
D. Rs. 42000
Discuss
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Correct Answer: Option D

Explanation:
P = (15120 × 100)/(9 × 4) = 42000.
This question belongs to: Maths Simple Interest
Question #290
In how many years will Rs. 31500 amount to Rs. 47250 at 10% simple interest?
A. 6 years
B. 5 years
C. 7 years
D. 4 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 15750. T = (15750 × 100)/(31500 × 10) = 5 years.
This question belongs to: Maths Simple Interest
Question #291
A sum of Rs. 28000 amounts to Rs. 36400 in 3 years at simple interest. The rate is
A. 10%
B. 8%
C. 9%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 8400. R = (8400 × 100)/(28000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #292
Simple interest on Rs. 42000 for 4 years at 7% per annum is
A. Rs. 11560
B. Rs. 11960
C. Rs. 12160
D. Rs. 11760
Discuss
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Correct Answer: Option D

Explanation:
SI = (42000 × 7 × 4)/100 = 11760.
This question belongs to: Maths Simple Interest
Question #293
The principal that gives Rs. 21600 interest in 6 years at 6% SI is
A. Rs. 61000
B. Rs. 59000
C. Rs. 60000
D. Rs. 58000
Discuss
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Correct Answer: Option C

Explanation:
P = (21600 × 100)/(6 × 6) = 60000.
This question belongs to: Maths Simple Interest
Question #294
In how many years will Rs. 45000 amount to Rs. 63000 at 8% simple interest?
A. 5 years
B. 7 years
C. 4 years
D. 6 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 18000. T = (18000 × 100)/(45000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #295
A sum of Rs. 36000 amounts to Rs. 50400 in 4 years at simple interest. The rate is
A. 8%
B. 10%
C. 9%
D. 12%
Discuss
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Correct Answer: Option B

Explanation:
SI = 14400. R = (14400 × 100)/(36000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #296
Simple interest on Rs. 50000 for 3 years at 9% per annum is
A. Rs. 13300
B. Rs. 13500
C. Rs. 13700
D. Rs. 13900
Discuss
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Correct Answer: Option B

Explanation:
SI = (50000 × 9 × 3)/100 = 13500.
This question belongs to: Maths Simple Interest
Question #297
The rate at which Rs. 28000 amounts to Rs. 39200 in 4 years is
A. 9%
B. 12%
C. 10%
D. 8%
Discuss
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Correct Answer: Option C

Explanation:
SI = 11200. R = (11200 × 100)/(28000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #298
Simple interest on Rs. 15000 for 5 years at 8% is
A. Rs. 6200
B. Rs. 6000
C. Rs. 5800
D. Rs. 6400
Discuss
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Correct Answer: Option B

Explanation:
SI = (15000 × 8 × 5)/100 = 6000.
This question belongs to: Maths Simple Interest
Question #299
In how many years will Rs. 24000 amount to Rs. 33600 at 10% simple interest?
A. 5 years
B. 6 years
C. 3 years
D. 4 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 9600. T = (9600 × 100)/(24000 × 10) = 4 years.
This question belongs to: Maths Simple Interest
Question #300
Simple interest on Rs. 42000 for 5 years at 7% per annum is
A. Rs. 14500
B. Rs. 15100
C. Rs. 14900
D. Rs. 14700
Discuss
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Correct Answer: Option D

Explanation:
SI = (42000 × 7 × 5)/100 = 14700.
This question belongs to: Maths Simple Interest

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