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 22 of 55
Question #421
Simple interest on Rs. 504000 for 3 years at 17% per annum is
A. Rs. 257240
B. Rs. 256840
C. Rs. 257440
D. Rs. 257040
Discuss
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Correct Answer: Option D

Explanation:
SI = (504000 × 17 × 3)/100 = 257040.
This question belongs to: Maths Simple Interest
Question #422
The rate at which Rs. 324000 amounts to Rs. 421200 in 3 years is
A. 8%
B. 9%
C. 10%
D. 12%
Discuss
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Correct Answer: Option C

Explanation:
SI = 97200. R = (97200 × 100)/(324000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #423
Simple interest on Rs. 513000 for 2 years at 20% per annum is
A. Rs. 205400
B. Rs. 205200
C. Rs. 205000
D. Rs. 205600
Discuss
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Correct Answer: Option B

Explanation:
SI = (513000 × 20 × 2)/100 = 205200.
This question belongs to: Maths Simple Interest
Question #424
The principal that gives Rs. 277200 interest in 9 years at 11% SI is
A. Rs. 281000
B. Rs. 278000
C. Rs. 280000
D. Rs. 279000
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Correct Answer: Option C

Explanation:
P = (277200 × 100)/(11 × 9) = 280000.
This question belongs to: Maths Simple Interest
Question #425
In how many years will Rs. 531000 amount to Rs. 743400 at 8% simple interest?
A. 7 years
B. 4 years
C. 5 years
D. 6 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 212400. T = (212400 × 100)/(531000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #426
A sum of Rs. 288000 amounts to Rs. 403200 in 4 years at simple interest. The rate is
A. 9%
B. 10%
C. 12%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 115200. R = (115200 × 100)/(288000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #427
Simple interest on Rs. 540000 for 3 years at 18% per annum is
A. Rs. 291800
B. Rs. 292000
C. Rs. 291600
D. Rs. 291400
Discuss
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Correct Answer: Option C

Explanation:
SI = (540000 × 18 × 3)/100 = 291600.
This question belongs to: Maths Simple Interest
Question #428
The rate at which Rs. 342000 amounts to Rs. 444600 in 3 years is
A. 9%
B. 10%
C. 8%
D. 12%
Discuss
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Correct Answer: Option B

Explanation:
SI = 102600. R = (102600 × 100)/(342000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #429
Simple interest on Rs. 549000 for 2 years at 21% per annum is
A. Rs. 230580
B. Rs. 230980
C. Rs. 230380
D. Rs. 230780
Discuss
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Correct Answer: Option A

Explanation:
SI = (549000 × 21 × 2)/100 = 230580.
This question belongs to: Maths Simple Interest
Question #430
The principal that gives Rs. 302400 interest in 8 years at 9% SI is
A. Rs. 419000
B. Rs. 418000
C. Rs. 420000
D. Rs. 421000
Discuss
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Correct Answer: Option C

Explanation:
P = (302400 × 100)/(9 × 8) = 420000.
This question belongs to: Maths Simple Interest
Question #431
In how many years will Rs. 567000 amount to Rs. 793800 at 8% simple interest?
A. 6 years
B. 7 years
C. 5 years
D. 4 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 226800. T = (226800 × 100)/(567000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #432
A sum of Rs. 306000 amounts to Rs. 428400 in 4 years at simple interest. The rate is
A. 12%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 122400. R = (122400 × 100)/(306000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #433
Simple interest on Rs. 576000 for 3 years at 19% per annum is
A. Rs. 328720
B. Rs. 328120
C. Rs. 328320
D. Rs. 328520
Discuss
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Correct Answer: Option C

Explanation:
SI = (576000 × 19 × 3)/100 = 328320.
This question belongs to: Maths Simple Interest
Question #434
The rate at which Rs. 360000 amounts to Rs. 468000 in 3 years is
A. 8%
B. 9%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 108000. R = (108000 × 100)/(360000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #435
Simple interest on Rs. 585000 for 2 years at 22% per annum is
A. Rs. 257600
B. Rs. 257200
C. Rs. 257800
D. Rs. 257400
Discuss
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Correct Answer: Option D

Explanation:
SI = (585000 × 22 × 2)/100 = 257400.
This question belongs to: Maths Simple Interest
Question #436
The principal that gives Rs. 327600 interest in 9 years at 10% SI is
A. Rs. 365000
B. Rs. 364000
C. Rs. 362000
D. Rs. 363000
Discuss
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Correct Answer: Option B

Explanation:
P = (327600 × 100)/(10 × 9) = 364000.
This question belongs to: Maths Simple Interest
Question #437
In how many years will Rs. 603000 amount to Rs. 844200 at 8% simple interest?
A. 5 years
B. 6 years
C. 4 years
D. 7 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 241200. T = (241200 × 100)/(603000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #438
A sum of Rs. 324000 amounts to Rs. 453600 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 = 129600. R = (129600 × 100)/(324000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #439
Simple interest on Rs. 612000 for 3 years at 20% per annum is
A. Rs. 367000
B. Rs. 367600
C. Rs. 367400
D. Rs. 367200
Discuss
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Correct Answer: Option D

Explanation:
SI = (612000 × 20 × 3)/100 = 367200.
This question belongs to: Maths Simple Interest
Question #440
The rate at which Rs. 378000 amounts to Rs. 491400 in 3 years is
A. 10%
B. 9%
C. 12%
D. 8%
Discuss
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Correct Answer: Option A

Explanation:
SI = 113400. R = (113400 × 100)/(378000 × 3) = 10%.
This question belongs to: Maths Simple Interest

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