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 23 of 55
Question #441
Simple interest on Rs. 621000 for 2 years at 23% per annum is
A. Rs. 285460
B. Rs. 285660
C. Rs. 285860
D. Rs. 286060
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Correct Answer: Option B

Explanation:
SI = (621000 × 23 × 2)/100 = 285660.
This question belongs to: Maths Simple Interest
Question #442
The principal that gives Rs. 378000 interest in 8 years at 9% SI is
A. Rs. 523000
B. Rs. 526000
C. Rs. 525000
D. Rs. 524000
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Correct Answer: Option C

Explanation:
P = (378000 × 100)/(9 × 8) = 525000.
This question belongs to: Maths Simple Interest
Question #443
In how many years will Rs. 639000 amount to Rs. 894600 at 8% simple interest?
A. 5 years
B. 6 years
C. 7 years
D. 4 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 255600. T = (255600 × 100)/(639000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #444
A sum of Rs. 342000 amounts to Rs. 478800 in 4 years at simple interest. The rate is
A. 9%
B. 12%
C. 10%
D. 8%
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Correct Answer: Option C

Explanation:
SI = 136800. R = (136800 × 100)/(342000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #445
Simple interest on Rs. 648000 for 3 years at 21% per annum is
A. Rs. 408240
B. Rs. 408040
C. Rs. 408640
D. Rs. 408440
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Correct Answer: Option A

Explanation:
SI = (648000 × 21 × 3)/100 = 408240.
This question belongs to: Maths Simple Interest
Question #446
The rate at which Rs. 396000 amounts to Rs. 514800 in 3 years is
A. 8%
B. 9%
C. 10%
D. 12%
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Correct Answer: Option C

Explanation:
SI = 118800. R = (118800 × 100)/(396000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #447
Simple interest on Rs. 657000 for 2 years at 24% per annum is
A. Rs. 315360
B. Rs. 315560
C. Rs. 315760
D. Rs. 315160
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Correct Answer: Option A

Explanation:
SI = (657000 × 24 × 2)/100 = 315360.
This question belongs to: Maths Simple Interest
Question #448
The principal that gives Rs. 428400 interest in 9 years at 11% SI is
A. Rs. 431000
B. Rs. 432000
C. Rs. 430000
D. Rs. 433000
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Correct Answer: Option B

Explanation:
P = (428400 × 100)/(11 × 9) = 432000.
This question belongs to: Maths Simple Interest
Question #449
In how many years will Rs. 675000 amount to Rs. 945000 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 = 270000. T = (270000 × 100)/(675000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #450
A sum of Rs. 360000 amounts to Rs. 504000 in 4 years at simple interest. The rate is
A. 9%
B. 12%
C. 10%
D. 8%
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Correct Answer: Option C

Explanation:
SI = 144000. R = (144000 × 100)/(360000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #451
Simple interest on Rs. 684000 for 3 years at 22% per annum is
A. Rs. 451640
B. Rs. 451840
C. Rs. 451440
D. Rs. 451240
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Correct Answer: Option C

Explanation:
SI = (684000 × 22 × 3)/100 = 451440.
This question belongs to: Maths Simple Interest
Question #452
The rate at which Rs. 414000 amounts to Rs. 538200 in 3 years is
A. 9%
B. 10%
C. 12%
D. 8%
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Correct Answer: Option B

Explanation:
SI = 124200. R = (124200 × 100)/(414000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #453
Simple interest on Rs. 693000 for 2 years at 25% per annum is
A. Rs. 346900
B. Rs. 346500
C. Rs. 346700
D. Rs. 346300
Discuss
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Correct Answer: Option B

Explanation:
SI = (693000 × 25 × 2)/100 = 346500.
This question belongs to: Maths Simple Interest
Question #454
The principal that gives Rs. 529200 interest in 8 years at 9% SI is
A. Rs. 735000
B. Rs. 736000
C. Rs. 733000
D. Rs. 734000
Discuss
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Correct Answer: Option A

Explanation:
P = (529200 × 100)/(9 × 8) = 735000.
This question belongs to: Maths Simple Interest
Question #455
In how many years will Rs. 711000 amount to Rs. 995400 at 8% simple interest?
A. 7 years
B. 6 years
C. 5 years
D. 4 years
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Correct Answer: Option C

Explanation:
SI = 284400. T = (284400 × 100)/(711000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #456
A sum of Rs. 378000 amounts to Rs. 529200 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 = 151200. R = (151200 × 100)/(378000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #457
Simple interest on Rs. 720000 for 3 years at 23% per annum is
A. Rs. 497200
B. Rs. 496600
C. Rs. 496800
D. Rs. 497000
Discuss
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Correct Answer: Option C

Explanation:
SI = (720000 × 23 × 3)/100 = 496800.
This question belongs to: Maths Simple Interest
Question #458
The rate at which Rs. 432000 amounts to Rs. 561600 in 3 years is
A. 12%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 129600. R = (129600 × 100)/(432000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #459
Simple interest on Rs. 729000 for 2 years at 26% per annum is
A. Rs. 379480
B. Rs. 378880
C. Rs. 379280
D. Rs. 379080
Discuss
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Correct Answer: Option D

Explanation:
SI = (729000 × 26 × 2)/100 = 379080.
This question belongs to: Maths Simple Interest
Question #460
The principal that gives Rs. 630000 interest in 9 years at 10% SI is
A. Rs. 700000
B. Rs. 698000
C. Rs. 701000
D. Rs. 699000
Discuss
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Correct Answer: Option A

Explanation:
P = (630000 × 100)/(10 × 9) = 700000.
This question belongs to: Maths Simple Interest

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