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 19 of 55
Question #361
Simple interest on Rs. 153000 for 3 years at 8% per annum is
A. Rs. 36920
B. Rs. 36520
C. Rs. 36720
D. Rs. 37120
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Correct Answer: Option C

Explanation:
SI = (153000 × 8 × 3)/100 = 36720.
This question belongs to: Maths Simple Interest
Question #362
The rate at which Rs. 144000 amounts to Rs. 187200 in 3 years is
A. 12%
B. 8%
C. 9%
D. 10%
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Correct Answer: Option D

Explanation:
SI = 43200. R = (43200 × 100)/(144000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #363
Simple interest on Rs. 162000 for 2 years at 10% per annum is
A. Rs. 32600
B. Rs. 32400
C. Rs. 32200
D. Rs. 32800
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Correct Answer: Option B

Explanation:
SI = (162000 × 10 × 2)/100 = 32400.
This question belongs to: Maths Simple Interest
Question #364
The principal that gives Rs. 75600 interest in 6 years at 7% SI is
A. Rs. 181000
B. Rs. 179000
C. Rs. 178000
D. Rs. 180000
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Correct Answer: Option D

Explanation:
P = (75600 × 100)/(7 × 6) = 180000.
This question belongs to: Maths Simple Interest
Question #365
In how many years will Rs. 171000 amount to Rs. 239400 at 8% simple interest?
A. 7 years
B. 4 years
C. 6 years
D. 5 years
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Correct Answer: Option D

Explanation:
SI = 68400. T = (68400 × 100)/(171000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #366
A sum of Rs. 108000 amounts to Rs. 151200 in 4 years at simple interest. The rate is
A. 9%
B. 12%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 43200. R = (43200 × 100)/(108000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #367
Simple interest on Rs. 180000 for 3 years at 9% per annum is
A. Rs. 48800
B. Rs. 48400
C. Rs. 49000
D. Rs. 48600
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Correct Answer: Option D

Explanation:
SI = (180000 × 9 × 3)/100 = 48600.
This question belongs to: Maths Simple Interest
Question #368
The rate at which Rs. 162000 amounts to Rs. 210600 in 3 years is
A. 12%
B. 10%
C. 8%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
SI = 48600. R = (48600 × 100)/(162000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #369
Simple interest on Rs. 189000 for 2 years at 11% per annum is
A. Rs. 41780
B. Rs. 41980
C. Rs. 41380
D. Rs. 41580
Discuss
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Correct Answer: Option D

Explanation:
SI = (189000 × 11 × 2)/100 = 41580.
This question belongs to: Maths Simple Interest
Question #370
The principal that gives Rs. 88200 interest in 7 years at 9% SI is
A. Rs. 140000
B. Rs. 138000
C. Rs. 141000
D. Rs. 139000
Discuss
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Correct Answer: Option A

Explanation:
P = (88200 × 100)/(9 × 7) = 140000.
This question belongs to: Maths Simple Interest
Question #371
In how many years will Rs. 207000 amount to Rs. 289800 at 8% simple interest?
A. 5 years
B. 4 years
C. 6 years
D. 7 years
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Correct Answer: Option A

Explanation:
SI = 82800. T = (82800 × 100)/(207000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #372
A sum of Rs. 126000 amounts to Rs. 176400 in 4 years at simple interest. The rate is
A. 9%
B. 8%
C. 10%
D. 12%
Discuss
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Correct Answer: Option C

Explanation:
SI = 50400. R = (50400 × 100)/(126000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #373
Simple interest on Rs. 216000 for 3 years at 10% per annum is
A. Rs. 64800
B. Rs. 65200
C. Rs. 65000
D. Rs. 64600
Discuss
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Correct Answer: Option A

Explanation:
SI = (216000 × 10 × 3)/100 = 64800.
This question belongs to: Maths Simple Interest
Question #374
The rate at which Rs. 180000 amounts to Rs. 234000 in 3 years is
A. 9%
B. 10%
C. 12%
D. 8%
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Correct Answer: Option B

Explanation:
SI = 54000. R = (54000 × 100)/(180000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #375
Simple interest on Rs. 225000 for 2 years at 12% per annum is
A. Rs. 53800
B. Rs. 54400
C. Rs. 54200
D. Rs. 54000
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Correct Answer: Option D

Explanation:
SI = (225000 × 12 × 2)/100 = 54000.
This question belongs to: Maths Simple Interest
Question #376
The principal that gives Rs. 100800 interest in 8 years at 9% SI is
A. Rs. 140000
B. Rs. 141000
C. Rs. 138000
D. Rs. 139000
Discuss
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Correct Answer: Option A

Explanation:
P = (100800 × 100)/(9 × 8) = 140000.
This question belongs to: Maths Simple Interest
Question #377
In how many years will Rs. 243000 amount to Rs. 340200 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 = 97200. T = (97200 × 100)/(243000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #378
A sum of Rs. 144000 amounts to Rs. 201600 in 5 years at simple interest. The rate is
A. 10%
B. 6%
C. 8%
D. 9%
Discuss
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Correct Answer: Option C

Explanation:
SI = 57600. R = (57600 × 100)/(144000 × 5) = 8%.
This question belongs to: Maths Simple Interest
Question #379
Simple interest on Rs. 252000 for 4 years at 6% per annum is
A. Rs. 60680
B. Rs. 60880
C. Rs. 60480
D. Rs. 60280
Discuss
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Correct Answer: Option C

Explanation:
SI = (252000 × 6 × 4)/100 = 60480.
This question belongs to: Maths Simple Interest
Question #380
The rate at which Rs. 198000 amounts to Rs. 257400 in 3 years is
A. 10%
B. 12%
C. 8%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 59400. R = (59400 × 100)/(198000 × 3) = 10%.
This question belongs to: Maths Simple Interest

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