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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Practice Questions

Page 21 of 55
Question #401
In how many years will Rs. 387000 amount to Rs. 541800 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 = 154800. T = (154800 × 100)/(387000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #402
A sum of Rs. 216000 amounts to Rs. 302400 in 4 years at simple interest. The rate is
A. 10%
B. 9%
C. 12%
D. 8%
Discuss
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Correct Answer: Option A

Explanation:
SI = 86400. R = (86400 × 100)/(216000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #403
Simple interest on Rs. 396000 for 3 years at 14% per annum is
A. Rs. 166320
B. Rs. 166120
C. Rs. 166720
D. Rs. 166520
Discuss
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Correct Answer: Option A

Explanation:
SI = (396000 × 14 × 3)/100 = 166320.
This question belongs to: Maths Simple Interest
Question #404
The rate at which Rs. 270000 amounts to Rs. 351000 in 3 years is
A. 10%
B. 8%
C. 12%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 81000. R = (81000 × 100)/(270000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #405
Simple interest on Rs. 405000 for 2 years at 17% per annum is
A. Rs. 137500
B. Rs. 137900
C. Rs. 137700
D. Rs. 138100
Discuss
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Correct Answer: Option C

Explanation:
SI = (405000 × 17 × 2)/100 = 137700.
This question belongs to: Maths Simple Interest
Question #406
The principal that gives Rs. 201600 interest in 8 years at 9% SI is
A. Rs. 281000
B. Rs. 279000
C. Rs. 280000
D. Rs. 278000
Discuss
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Correct Answer: Option C

Explanation:
P = (201600 × 100)/(9 × 8) = 280000.
This question belongs to: Maths Simple Interest
Question #407
In how many years will Rs. 423000 amount to Rs. 592200 at 8% simple interest?
A. 4 years
B. 5 years
C. 6 years
D. 7 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 169200. T = (169200 × 100)/(423000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #408
A sum of Rs. 234000 amounts to Rs. 327600 in 4 years at simple interest. The rate is
A. 12%
B. 8%
C. 10%
D. 9%
Discuss
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Correct Answer: Option C

Explanation:
SI = 93600. R = (93600 × 100)/(234000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #409
Simple interest on Rs. 432000 for 3 years at 15% per annum is
A. Rs. 194800
B. Rs. 194600
C. Rs. 194400
D. Rs. 194200
Discuss
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Correct Answer: Option C

Explanation:
SI = (432000 × 15 × 3)/100 = 194400.
This question belongs to: Maths Simple Interest
Question #410
The rate at which Rs. 288000 amounts to Rs. 374400 in 3 years is
A. 10%
B. 9%
C. 12%
D. 8%
Discuss
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Correct Answer: Option A

Explanation:
SI = 86400. R = (86400 × 100)/(288000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #411
Simple interest on Rs. 441000 for 2 years at 18% per annum is
A. Rs. 159160
B. Rs. 158560
C. Rs. 158760
D. Rs. 158960
Discuss
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Correct Answer: Option C

Explanation:
SI = (441000 × 18 × 2)/100 = 158760.
This question belongs to: Maths Simple Interest
Question #412
The principal that gives Rs. 226800 interest in 9 years at 8% SI is
A. Rs. 315000
B. Rs. 316000
C. Rs. 313000
D. Rs. 314000
Discuss
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Correct Answer: Option A

Explanation:
P = (226800 × 100)/(8 × 9) = 315000.
This question belongs to: Maths Simple Interest
Question #413
In how many years will Rs. 459000 amount to Rs. 642600 at 8% simple interest?
A. 6 years
B. 4 years
C. 5 years
D. 7 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 183600. T = (183600 × 100)/(459000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #414
A sum of Rs. 252000 amounts to Rs. 352800 in 4 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 = 100800. R = (100800 × 100)/(252000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #415
Simple interest on Rs. 468000 for 3 years at 16% per annum is
A. Rs. 224440
B. Rs. 225040
C. Rs. 224640
D. Rs. 224840
Discuss
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Correct Answer: Option C

Explanation:
SI = (468000 × 16 × 3)/100 = 224640.
This question belongs to: Maths Simple Interest
Question #416
The rate at which Rs. 306000 amounts to Rs. 397800 in 3 years is
A. 12%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 91800. R = (91800 × 100)/(306000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #417
Simple interest on Rs. 477000 for 2 years at 19% per annum is
A. Rs. 181460
B. Rs. 181260
C. Rs. 181660
D. Rs. 181060
Discuss
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Correct Answer: Option B

Explanation:
SI = (477000 × 19 × 2)/100 = 181260.
This question belongs to: Maths Simple Interest
Question #418
The principal that gives Rs. 252000 interest in 7 years at 10% SI is
A. Rs. 360000
B. Rs. 361000
C. Rs. 359000
D. Rs. 358000
Discuss
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Correct Answer: Option A

Explanation:
P = (252000 × 100)/(10 × 7) = 360000.
This question belongs to: Maths Simple Interest
Question #419
In how many years will Rs. 495000 amount to Rs. 693000 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 = 198000. T = (198000 × 100)/(495000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #420
A sum of Rs. 270000 amounts to Rs. 378000 in 4 years at simple interest. The rate is
A. 12%
B. 9%
C. 10%
D. 8%
Discuss
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Correct Answer: Option C

Explanation:
SI = 108000. R = (108000 × 100)/(270000 × 4) = 10%.
This question belongs to: Maths Simple Interest

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