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 20 of 55
Question #381
Simple interest on Rs. 261000 for 2 years at 13% per annum is
A. Rs. 68060
B. Rs. 68260
C. Rs. 67860
D. Rs. 67660
Discuss
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Correct Answer: Option C

Explanation:
SI = (261000 × 13 × 2)/100 = 67860.
This question belongs to: Maths Simple Interest
Question #382
The principal that gives Rs. 113400 interest in 9 years at 7% SI is
A. Rs. 179000
B. Rs. 181000
C. Rs. 180000
D. Rs. 178000
Discuss
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Correct Answer: Option C

Explanation:
P = (113400 × 100)/(7 × 9) = 180000.
This question belongs to: Maths Simple Interest
Question #383
In how many years will Rs. 279000 amount to Rs. 390600 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 = 111600. T = (111600 × 100)/(279000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #384
A sum of Rs. 162000 amounts to Rs. 226800 in 4 years at simple interest. The rate is
A. 12%
B. 10%
C. 9%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 64800. R = (64800 × 100)/(162000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #385
Simple interest on Rs. 288000 for 3 years at 11% per annum is
A. Rs. 95240
B. Rs. 95040
C. Rs. 95440
D. Rs. 94840
Discuss
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Correct Answer: Option B

Explanation:
SI = (288000 × 11 × 3)/100 = 95040.
This question belongs to: Maths Simple Interest
Question #386
The rate at which Rs. 216000 amounts to Rs. 280800 in 3 years is
A. 12%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 64800. R = (64800 × 100)/(216000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #387
Simple interest on Rs. 297000 for 2 years at 14% per annum is
A. Rs. 83160
B. Rs. 83560
C. Rs. 83360
D. Rs. 82960
Discuss
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Correct Answer: Option A

Explanation:
SI = (297000 × 14 × 2)/100 = 83160.
This question belongs to: Maths Simple Interest
Question #388
The principal that gives Rs. 126000 interest in 8 years at 9% SI is
A. Rs. 173000
B. Rs. 174000
C. Rs. 176000
D. Rs. 175000
Discuss
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Correct Answer: Option D

Explanation:
P = (126000 × 100)/(9 × 8) = 175000.
This question belongs to: Maths Simple Interest
Question #389
In how many years will Rs. 315000 amount to Rs. 441000 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 = 126000. T = (126000 × 100)/(315000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #390
A sum of Rs. 180000 amounts to Rs. 252000 in 4 years at simple interest. The rate is
A. 10%
B. 9%
C. 8%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 72000. R = (72000 × 100)/(180000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #391
Simple interest on Rs. 324000 for 3 years at 12% per annum is
A. Rs. 116440
B. Rs. 117040
C. Rs. 116640
D. Rs. 116840
Discuss
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Correct Answer: Option C

Explanation:
SI = (324000 × 12 × 3)/100 = 116640.
This question belongs to: Maths Simple Interest
Question #392
The rate at which Rs. 234000 amounts to Rs. 304200 in 3 years is
A. 12%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 70200. R = (70200 × 100)/(234000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #393
Simple interest on Rs. 333000 for 2 years at 15% per annum is
A. Rs. 100100
B. Rs. 99900
C. Rs. 99700
D. Rs. 100300
Discuss
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Correct Answer: Option B

Explanation:
SI = (333000 × 15 × 2)/100 = 99900.
This question belongs to: Maths Simple Interest
Question #394
The principal that gives Rs. 151200 interest in 9 years at 8% SI is
A. Rs. 210000
B. Rs. 211000
C. Rs. 208000
D. Rs. 209000
Discuss
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Correct Answer: Option A

Explanation:
P = (151200 × 100)/(8 × 9) = 210000.
This question belongs to: Maths Simple Interest
Question #395
In how many years will Rs. 351000 amount to Rs. 491400 at 8% simple interest?
A. 4 years
B. 6 years
C. 5 years
D. 7 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 140400. T = (140400 × 100)/(351000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #396
A sum of Rs. 198000 amounts to Rs. 277200 in 4 years at simple interest. The rate is
A. 8%
B. 10%
C. 12%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
SI = 79200. R = (79200 × 100)/(198000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #397
Simple interest on Rs. 360000 for 3 years at 13% per annum is
A. Rs. 140400
B. Rs. 140800
C. Rs. 140200
D. Rs. 140600
Discuss
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Correct Answer: Option A

Explanation:
SI = (360000 × 13 × 3)/100 = 140400.
This question belongs to: Maths Simple Interest
Question #398
The rate at which Rs. 252000 amounts to Rs. 327600 in 3 years is
A. 12%
B. 10%
C. 8%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
SI = 75600. R = (75600 × 100)/(252000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #399
Simple interest on Rs. 369000 for 2 years at 16% per annum is
A. Rs. 118080
B. Rs. 118280
C. Rs. 117880
D. Rs. 118480
Discuss
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Correct Answer: Option A

Explanation:
SI = (369000 × 16 × 2)/100 = 118080.
This question belongs to: Maths Simple Interest
Question #400
The principal that gives Rs. 176400 interest in 7 years at 9% SI is
A. Rs. 279000
B. Rs. 278000
C. Rs. 280000
D. Rs. 281000
Discuss
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Correct Answer: Option C

Explanation:
P = (176400 × 100)/(9 × 7) = 280000.
This question belongs to: Maths Simple Interest

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