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 16 of 55
Question #301
A sum of Rs. 35000 amounts to Rs. 45500 in 4 years at simple interest. The rate is
A. 9%
B. 8%
C. 6%
D. 7.5%
Discuss
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Correct Answer: Option D

Explanation:
SI = 10500. R = (10500 × 100)/(35000 × 4) = 7.5%.
This question belongs to: Maths Simple Interest
Question #302
In how many years will Rs. 28000 amount to Rs. 39200 at 8% simple interest?
A. 4 years
B. 7 years
C. 5 years
D. 6 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 11200. T = (11200 × 100)/(28000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #303
The simple interest on a sum for 3 years at 10% is Rs. 9000. The principal is
A. Rs. 28000
B. Rs. 29000
C. Rs. 31000
D. Rs. 30000
Discuss
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Correct Answer: Option D

Explanation:
P = (9000 × 100)/(10 × 3) = 30000.
This question belongs to: Maths Simple Interest
Question #304
A sum becomes Rs. 25200 after 3 years and Rs. 28000 after 5 years at simple interest. The principal is
A. Rs. 18200
B. Rs. 19600
C. Rs. 21000
D. Rs. 22400
Discuss
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Correct Answer: Option B

Explanation:
Difference for 2 years = 2800. SI per year = 1400. SI for 3 years = 4200. Principal = 25200 - 4200 = 21000.
This question belongs to: Maths Simple Interest
Question #305
At what rate percent will Rs. 45000 give Rs. 13500 interest in 5 years?
A. 7%
B. 5%
C. 8%
D. 6%
Discuss
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Correct Answer: Option D

Explanation:
R = (13500 × 100)/(45000 × 5) = 6%.
This question belongs to: Maths Simple Interest
Question #306
Simple interest on Rs. 56000 for 2 years at 12% per annum is
A. Rs. 13440
B. Rs. 13240
C. Rs. 13840
D. Rs. 13640
Discuss
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Correct Answer: Option A

Explanation:
SI = (56000 × 12 × 2)/100 = 13440.
This question belongs to: Maths Simple Interest
Question #307
The principal that gives Rs. 16800 interest in 4 years at 7% SI is
A. Rs. 58000
B. Rs. 59000
C. Rs. 61000
D. Rs. 60000
Discuss
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Correct Answer: Option D

Explanation:
P = (16800 × 100)/(7 × 4) = 60000.
This question belongs to: Maths Simple Interest
Question #308
In how many years will Rs. 40000 amount to Rs. 56000 at 10% simple interest?
A. 5 years
B. 4 years
C. 6 years
D. 3 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 16000. T = (16000 × 100)/(40000 × 10) = 4 years.
This question belongs to: Maths Simple Interest
Question #309
A sum of Rs. 25000 amounts to Rs. 32500 in 3 years at simple interest. The rate is
A. 8%
B. 9%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 7500. R = (7500 × 100)/(25000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #310
Simple interest on Rs. 48000 for 5 years at 5% per annum is
A. Rs. 12000
B. Rs. 12400
C. Rs. 11800
D. Rs. 12200
Discuss
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Correct Answer: Option A

Explanation:
SI = (48000 × 5 × 5)/100 = 12000.
This question belongs to: Maths Simple Interest
Question #311
The rate at which Rs. 36000 amounts to Rs. 46800 in 3 years is
A. 8%
B. 10%
C. 9%
D. 12%
Discuss
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Correct Answer: Option B

Explanation:
SI = 10800. R = (10800 × 100)/(36000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #312
Simple interest on Rs. 15000 for 4 years at 8% is
A. Rs. 5200
B. Rs. 4600
C. Rs. 4800
D. Rs. 5000
Discuss
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Correct Answer: Option C

Explanation:
SI = (15000 × 8 × 4)/100 = 4800.
This question belongs to: Maths Simple Interest
Question #313
In how many years will Rs. 50000 amount to Rs. 70000 at 8% simple interest?
A. 7 years
B. 6 years
C. 5 years
D. 4 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 20000. T = (20000 × 100)/(50000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #314
A sum of Rs. 42000 amounts to Rs. 58800 in 4 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 = 16800. R = (16800 × 100)/(42000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #315
Simple interest on Rs. 63000 for 3 years at 9% per annum is
A. Rs. 16810
B. Rs. 17210
C. Rs. 17410
D. Rs. 17010
Discuss
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Correct Answer: Option D

Explanation:
SI = (63000 × 9 × 3)/100 = 17010.
This question belongs to: Maths Simple Interest
Question #316
The principal that gives Rs. 25200 interest in 6 years at 7% SI is
A. Rs. 59000
B. Rs. 61000
C. Rs. 60000
D. Rs. 58000
Discuss
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Correct Answer: Option C

Explanation:
P = (25200 × 100)/(7 × 6) = 60000.
This question belongs to: Maths Simple Interest
Question #317
A sum becomes Rs. 33600 after 4 years and Rs. 37800 after 6 years at simple interest. The principal is
A. Rs. 24000
B. Rs. 26400
C. Rs. 25200
D. Rs. 22800
Discuss
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Correct Answer: Option C

Explanation:
Difference for 2 years = 4200. SI per year = 2100. SI for 4 years = 8400. Principal = 33600 - 8400 = 25200.
This question belongs to: Maths Simple Interest
Question #318
At what rate percent will Rs. 56000 give Rs. 16800 interest in 3 years?
A. 10%
B. 12%
C. 8%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
R = (16800 × 100)/(56000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #319
Simple interest on Rs. 70000 for 2 years at 11% per annum is
A. Rs. 15400
B. Rs. 15200
C. Rs. 15600
D. Rs. 15800
Discuss
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Correct Answer: Option A

Explanation:
SI = (70000 × 11 × 2)/100 = 15400.
This question belongs to: Maths Simple Interest
Question #320
The principal that gives Rs. 18900 interest in 5 years at 6% SI is
A. Rs. 61000
B. Rs. 64000
C. Rs. 63000
D. Rs. 62000
Discuss
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Correct Answer: Option C

Explanation:
P = (18900 × 100)/(6 × 5) = 63000.
This question belongs to: Maths Simple Interest

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