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 17 of 55
Question #321
A sum of Rs. 28000 amounts to Rs. 39200 in 4 years at simple interest. The rate is
A. 8%
B. 12%
C. 10%
D. 9%
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 #322
Simple interest on Rs. 55000 for 3 years at 8% per annum is
A. Rs. 13000
B. Rs. 13400
C. Rs. 13600
D. Rs. 13200
Discuss
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Correct Answer: Option D

Explanation:
SI = (55000 × 8 × 3)/100 = 13200.
This question belongs to: Maths Simple Interest
Question #323
The rate at which Rs. 60000 amounts to Rs. 78000 in 3 years is
A. 8%
B. 9%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 18000. R = (18000 × 100)/(60000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #324
Simple interest on Rs. 75000 for 4 years at 5% per annum is
A. Rs. 14800
B. Rs. 15200
C. Rs. 15000
D. Rs. 15400
Discuss
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Correct Answer: Option C

Explanation:
SI = (75000 × 5 × 4)/100 = 15000.
This question belongs to: Maths Simple Interest
Question #325
In how many years will Rs. 36000 amount to Rs. 50400 at 10% simple interest?
A. 3 years
B. 5 years
C. 6 years
D. 4 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 14400. T = (14400 × 100)/(36000 × 10) = 4 years.
This question belongs to: Maths Simple Interest
Question #326
A sum of Rs. 48000 amounts to Rs. 67200 in 5 years at simple interest. The rate is
A. 9%
B. 10%
C. 6%
D. 8%
Discuss
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Correct Answer: Option D

Explanation:
SI = 19200. R = (19200 × 100)/(48000 × 5) = 8%.
This question belongs to: Maths Simple Interest
Question #327
Simple interest on Rs. 65000 for 2 years at 12% per annum is
A. Rs. 15400
B. Rs. 15800
C. Rs. 15600
D. Rs. 16000
Discuss
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Correct Answer: Option C

Explanation:
SI = (65000 × 12 × 2)/100 = 15600.
This question belongs to: Maths Simple Interest
Question #328
The principal that gives Rs. 21000 interest in 7 years at 6% SI is
A. Rs. 50000
B. Rs. 48000
C. Rs. 49000
D. Rs. 51000
Discuss
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Correct Answer: Option A

Explanation:
P = (21000 × 100)/(6 × 7) = 50000.
This question belongs to: Maths Simple Interest
Question #329
In how many years will Rs. 54000 amount to Rs. 75600 at 8% simple interest?
A. 5 years
B. 7 years
C. 6 years
D. 4 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 21600. T = (21600 × 100)/(54000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #330
A sum of Rs. 30000 amounts to Rs. 42000 in 4 years at simple interest. The rate is
A. 9%
B. 12%
C. 10%
D. 8%
Discuss
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Correct Answer: Option C

Explanation:
SI = 12000. R = (12000 × 100)/(30000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #331
Simple interest on Rs. 72000 for 3 years at 10% per annum is
A. Rs. 21400
B. Rs. 22000
C. Rs. 21800
D. Rs. 21600
Discuss
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Correct Answer: Option D

Explanation:
SI = (72000 × 10 × 3)/100 = 21600.
This question belongs to: Maths Simple Interest
Question #332
The rate at which Rs. 45000 amounts to Rs. 58500 in 3 years is
A. 9%
B. 10%
C. 12%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 13500. R = (13500 × 100)/(45000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #333
Simple interest on Rs. 81000 for 2 years at 9% per annum is
A. Rs. 14380
B. Rs. 14580
C. Rs. 14980
D. Rs. 14780
Discuss
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Correct Answer: Option B

Explanation:
SI = (81000 × 9 × 2)/100 = 14580.
This question belongs to: Maths Simple Interest
Question #334
The principal that gives Rs. 25200 interest in 5 years at 8% SI is
A. Rs. 62000
B. Rs. 64000
C. Rs. 63000
D. Rs. 61000
Discuss
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Correct Answer: Option C

Explanation:
P = (25200 × 100)/(8 × 5) = 63000.
This question belongs to: Maths Simple Interest
Question #335
In how many years will Rs. 63000 amount to Rs. 88200 at 8% simple interest?
A. 4 years
B. 5 years
C. 7 years
D. 6 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 25200. T = (25200 × 100)/(63000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #336
A sum of Rs. 54000 amounts to Rs. 75600 in 5 years at simple interest. The rate is
A. 6%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option C

Explanation:
SI = 21600. R = (21600 × 100)/(54000 × 5) = 8%.
This question belongs to: Maths Simple Interest
Question #337
Simple interest on Rs. 90000 for 3 years at 7% per annum is
A. Rs. 19100
B. Rs. 19300
C. Rs. 18900
D. Rs. 18700
Discuss
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Correct Answer: Option C

Explanation:
SI = (90000 × 7 × 3)/100 = 18900.
This question belongs to: Maths Simple Interest
Question #338
The rate at which Rs. 72000 amounts to Rs. 93600 in 3 years is
A. 9%
B. 12%
C. 10%
D. 8%
Discuss
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Correct Answer: Option C

Explanation:
SI = 21600. R = (21600 × 100)/(72000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #339
Simple interest on Rs. 105000 for 2 years at 6% per annum is
A. Rs. 12800
B. Rs. 13000
C. Rs. 12600
D. Rs. 12400
Discuss
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Correct Answer: Option C

Explanation:
SI = (105000 × 6 × 2)/100 = 12600.
This question belongs to: Maths Simple Interest
Question #340
The principal that gives Rs. 31500 interest in 5 years at 9% SI is
A. Rs. 70000
B. Rs. 68000
C. Rs. 71000
D. Rs. 69000
Discuss
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Correct Answer: Option A

Explanation:
P = (31500 × 100)/(9 × 5) = 70000.
This question belongs to: Maths Simple Interest

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