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 24 of 55
Question #461
In how many years will Rs. 747000 amount to Rs. 1045800 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 = 298800. T = (298800 × 100)/(747000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #462
A sum of Rs. 396000 amounts to Rs. 554400 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 = 158400. R = (158400 × 100)/(396000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #463
Simple interest on Rs. 756000 for 3 years at 24% per annum is
A. Rs. 544320
B. Rs. 544120
C. Rs. 544520
D. Rs. 544720
Discuss
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Correct Answer: Option A

Explanation:
SI = (756000 × 24 × 3)/100 = 544320.
This question belongs to: Maths Simple Interest
Question #464
The rate at which Rs. 450000 amounts to Rs. 585000 in 3 years is
A. 12%
B. 8%
C. 9%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 135000. R = (135000 × 100)/(450000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #465
Simple interest on Rs. 765000 for 2 years at 27% per annum is
A. Rs. 413100
B. Rs. 413500
C. Rs. 413300
D. Rs. 412900
Discuss
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Correct Answer: Option A

Explanation:
SI = (765000 × 27 × 2)/100 = 413100.
This question belongs to: Maths Simple Interest
Question #466
The principal that gives Rs. 730800 interest in 8 years at 11% SI is
A. Rs. 831000
B. Rs. 829000
C. Rs. 830000
D. Rs. 828000
Discuss
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Correct Answer: Option C

Explanation:
P = (730800 × 100)/(11 × 8) = 830000.
This question belongs to: Maths Simple Interest
Question #467
In how many years will Rs. 783000 amount to Rs. 1096200 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 = 313200. T = (313200 × 100)/(783000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #468
A sum of Rs. 414000 amounts to Rs. 579600 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 = 165600. R = (165600 × 100)/(414000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #469
Simple interest on Rs. 792000 for 3 years at 25% per annum is
A. Rs. 594000
B. Rs. 594400
C. Rs. 593800
D. Rs. 594200
Discuss
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Correct Answer: Option A

Explanation:
SI = (792000 × 25 × 3)/100 = 594000.
This question belongs to: Maths Simple Interest
Question #470
The rate at which Rs. 468000 amounts to Rs. 608400 in 3 years is
A. 10%
B. 8%
C. 12%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 140400. R = (140400 × 100)/(468000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #471
Simple interest on Rs. 801000 for 2 years at 28% per annum is
A. Rs. 448960
B. Rs. 448760
C. Rs. 448360
D. Rs. 448560
Discuss
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Correct Answer: Option D

Explanation:
SI = (801000 × 28 × 2)/100 = 448560.
This question belongs to: Maths Simple Interest
Question #472
The principal that gives Rs. 831600 interest in 9 years at 11% SI is
A. Rs. 838000
B. Rs. 839000
C. Rs. 841000
D. Rs. 840000
Discuss
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Correct Answer: Option D

Explanation:
P = (831600 × 100)/(11 × 9) = 840000.
This question belongs to: Maths Simple Interest
Question #473
In how many years will Rs. 819000 amount to Rs. 1146600 at 8% simple interest?
A. 7 years
B. 5 years
C. 6 years
D. 4 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 327600. T = (327600 × 100)/(819000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #474
A sum of Rs. 432000 amounts to Rs. 604800 in 4 years at simple interest. The rate is
A. 10%
B. 12%
C. 8%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 172800. R = (172800 × 100)/(432000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #475
Simple interest on Rs. 828000 for 3 years at 26% per annum is
A. Rs. 646040
B. Rs. 645640
C. Rs. 646240
D. Rs. 645840
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Correct Answer: Option D

Explanation:
SI = (828000 × 26 × 3)/100 = 645840.
This question belongs to: Maths Simple Interest
Question #476
The rate at which Rs. 486000 amounts to Rs. 631800 in 3 years is
A. 8%
B. 10%
C. 12%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
SI = 145800. R = (145800 × 100)/(486000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #477
Simple interest on Rs. 837000 for 2 years at 29% per annum is
A. Rs. 485660
B. Rs. 485260
C. Rs. 485860
D. Rs. 485460
Discuss
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Correct Answer: Option D

Explanation:
SI = (837000 × 29 × 2)/100 = 485460.
This question belongs to: Maths Simple Interest
Question #478
The principal that gives Rs. 932400 interest in 8 years at 13% SI is
A. Rs. 901000
B. Rs. 899000
C. Rs. 898000
D. Rs. 900000
Discuss
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Correct Answer: Option D

Explanation:
P = (932400 × 100)/(13 × 8) = 900000.
This question belongs to: Maths Simple Interest
Question #479
In how many years will Rs. 855000 amount to Rs. 1197000 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 = 342000. T = (342000 × 100)/(855000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #480
A sum of Rs. 450000 amounts to Rs. 630000 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 = 180000. R = (180000 × 100)/(450000 × 4) = 10%.
This question belongs to: Maths Simple Interest

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