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 18 of 55
Question #341
In how many years will Rs. 81000 amount to Rs. 113400 at 8% simple interest?
A. 4 years
B. 7 years
C. 6 years
D. 5 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 32400. T = (32400 × 100)/(81000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #342
A sum of Rs. 63000 amounts to Rs. 88200 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 = 25200. R = (25200 × 100)/(63000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #343
Simple interest on Rs. 96000 for 3 years at 5% per annum is
A. Rs. 14600
B. Rs. 14800
C. Rs. 14200
D. Rs. 14400
Discuss
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Correct Answer: Option D

Explanation:
SI = (96000 × 5 × 3)/100 = 14400.
This question belongs to: Maths Simple Interest
Question #344
The rate at which Rs. 84000 amounts to Rs. 109200 in 3 years is
A. 12%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 25200. R = (25200 × 100)/(84000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #345
Simple interest on Rs. 112000 for 2 years at 7% per annum is
A. Rs. 15480
B. Rs. 15880
C. Rs. 16080
D. Rs. 15680
Discuss
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Correct Answer: Option D

Explanation:
SI = (112000 × 7 × 2)/100 = 15680.
This question belongs to: Maths Simple Interest
Question #346
The principal that gives Rs. 37800 interest in 6 years at 7% SI is
A. Rs. 88000
B. Rs. 89000
C. Rs. 90000
D. Rs. 91000
Discuss
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Correct Answer: Option C

Explanation:
P = (37800 × 100)/(7 × 6) = 90000.
This question belongs to: Maths Simple Interest
Question #347
In how many years will Rs. 99000 amount to Rs. 138600 at 8% simple interest?
A. 7 years
B. 6 years
C. 4 years
D. 5 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 39600. T = (39600 × 100)/(99000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #348
A sum of Rs. 72000 amounts to Rs. 100800 in 5 years at simple interest. The rate is
A. 9%
B. 10%
C. 8%
D. 6%
Discuss
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Correct Answer: Option C

Explanation:
SI = 28800. R = (28800 × 100)/(72000 × 5) = 8%.
This question belongs to: Maths Simple Interest
Question #349
Simple interest on Rs. 108000 for 4 years at 6% per annum is
A. Rs. 25720
B. Rs. 25920
C. Rs. 26120
D. Rs. 26320
Discuss
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Correct Answer: Option B

Explanation:
SI = (108000 × 6 × 4)/100 = 25920.
This question belongs to: Maths Simple Interest
Question #350
The rate at which Rs. 105000 amounts to Rs. 136500 in 3 years is
A. 9%
B. 10%
C. 12%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 31500. R = (31500 × 100)/(105000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #351
Simple interest on Rs. 126000 for 2 years at 8% per annum is
A. Rs. 20560
B. Rs. 20160
C. Rs. 19960
D. Rs. 20360
Discuss
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Correct Answer: Option B

Explanation:
SI = (126000 × 8 × 2)/100 = 20160.
This question belongs to: Maths Simple Interest
Question #352
The principal that gives Rs. 50400 interest in 8 years at 9% SI is
A. Rs. 71000
B. Rs. 70000
C. Rs. 69000
D. Rs. 68000
Discuss
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Correct Answer: Option B

Explanation:
P = (50400 × 100)/(9 × 8) = 70000.
This question belongs to: Maths Simple Interest
Question #353
In how many years will Rs. 117000 amount to Rs. 163800 at 8% simple interest?
A. 7 years
B. 6 years
C. 4 years
D. 5 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 46800. T = (46800 × 100)/(117000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #354
A sum of Rs. 81000 amounts to Rs. 113400 in 4 years at simple interest. The rate is
A. 9%
B. 8%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 32400. R = (32400 × 100)/(81000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #355
Simple interest on Rs. 135000 for 3 years at 7% per annum is
A. Rs. 28550
B. Rs. 28750
C. Rs. 28350
D. Rs. 28150
Discuss
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Correct Answer: Option C

Explanation:
SI = (135000 × 7 × 3)/100 = 28350.
This question belongs to: Maths Simple Interest
Question #356
The rate at which Rs. 126000 amounts to Rs. 163800 in 3 years is
A. 9%
B. 10%
C. 12%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 37800. R = (37800 × 100)/(126000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #357
Simple interest on Rs. 144000 for 2 years at 9% per annum is
A. Rs. 25920
B. Rs. 26120
C. Rs. 25720
D. Rs. 26320
Discuss
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Correct Answer: Option A

Explanation:
SI = (144000 × 9 × 2)/100 = 25920.
This question belongs to: Maths Simple Interest
Question #358
The principal that gives Rs. 63000 interest in 7 years at 9% SI is
A. Rs. 99000
B. Rs. 100000
C. Rs. 101000
D. Rs. 98000
Discuss
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Correct Answer: Option B

Explanation:
P = (63000 × 100)/(9 × 7) = 100000.
This question belongs to: Maths Simple Interest
Question #359
In how many years will Rs. 135000 amount to Rs. 189000 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 = 54000. T = (54000 × 100)/(135000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #360
A sum of Rs. 90000 amounts to Rs. 126000 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 = 36000. R = (36000 × 100)/(90000 × 4) = 10%.
This question belongs to: Maths Simple Interest

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