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 25 of 55
Question #481
Simple interest on Rs. 864000 for 3 years at 27% per annum is
A. Rs. 700240
B. Rs. 699640
C. Rs. 700040
D. Rs. 699840
Discuss
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Correct Answer: Option D

Explanation:
SI = (864000 × 27 × 3)/100 = 699840.
This question belongs to: Maths Simple Interest
Question #482
The rate at which Rs. 504000 amounts to Rs. 655200 in 3 years is
A. 12%
B. 10%
C. 9%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 151200. R = (151200 × 100)/(504000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #483
Simple interest on Rs. 873000 for 2 years at 30% per annum is
A. Rs. 523800
B. Rs. 523600
C. Rs. 524200
D. Rs. 524000
Discuss
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Correct Answer: Option A

Explanation:
SI = (873000 × 30 × 2)/100 = 523800.
This question belongs to: Maths Simple Interest
Question #484
The principal that gives Rs. 1033200 interest in 9 years at 12% SI is
A. Rs. 959000
B. Rs. 960000
C. Rs. 961000
D. Rs. 958000
Discuss
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Correct Answer: Option B

Explanation:
P = (1033200 × 100)/(12 × 9) = 960000.
This question belongs to: Maths Simple Interest
Question #485
In how many years will Rs. 891000 amount to Rs. 1247400 at 8% simple interest?
A. 5 years
B. 7 years
C. 4 years
D. 6 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 356400. T = (356400 × 100)/(891000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #486
A sum of Rs. 468000 amounts to Rs. 655200 in 4 years at simple interest. The rate is
A. 10%
B. 8%
C. 12%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 187200. R = (187200 × 100)/(468000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #487
Simple interest on Rs. 900000 for 3 years at 28% per annum is
A. Rs. 756200
B. Rs. 755800
C. Rs. 756000
D. Rs. 756400
Discuss
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Correct Answer: Option C

Explanation:
SI = (900000 × 28 × 3)/100 = 756000.
This question belongs to: Maths Simple Interest
Question #488
The rate at which Rs. 522000 amounts to Rs. 678600 in 3 years is
A. 12%
B. 10%
C. 8%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
SI = 156600. R = (156600 × 100)/(522000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #489
Simple interest on Rs. 909000 for 2 years at 31% per annum is
A. Rs. 563580
B. Rs. 563780
C. Rs. 563380
D. Rs. 563980
Discuss
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Correct Answer: Option A

Explanation:
SI = (909000 × 31 × 2)/100 = 563580.
This question belongs to: Maths Simple Interest
Question #490
The principal that gives Rs. 1134000 interest in 8 years at 12% SI is
A. Rs. 1181250
B. Rs. 1178750
C. Rs. 1180000
D. Rs. 1182500
Discuss
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Correct Answer: Option A

Explanation:
P = (1134000 × 100)/(12 × 8) = 1181250.
This question belongs to: Maths Simple Interest
Question #491
In how many years will Rs. 927000 amount to Rs. 1297800 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 = 370800. T = (370800 × 100)/(927000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #492
A sum of Rs. 486000 amounts to Rs. 680400 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 = 194400. R = (194400 × 100)/(486000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #493
Simple interest on Rs. 936000 for 3 years at 29% per annum is
A. Rs. 814520
B. Rs. 814320
C. Rs. 814120
D. Rs. 814720
Discuss
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Correct Answer: Option B

Explanation:
SI = (936000 × 29 × 3)/100 = 814320.
This question belongs to: Maths Simple Interest
Question #494
The rate at which Rs. 540000 amounts to Rs. 702000 in 3 years is
A. 9%
B. 8%
C. 10%
D. 12%
Discuss
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Correct Answer: Option C

Explanation:
SI = 162000. R = (162000 × 100)/(540000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #495
Simple interest on Rs. 945000 for 2 years at 32% per annum is
A. Rs. 605200
B. Rs. 604600
C. Rs. 604800
D. Rs. 605000
Discuss
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Correct Answer: Option C

Explanation:
SI = (945000 × 32 × 2)/100 = 604800.
This question belongs to: Maths Simple Interest
Question #496
The principal that gives Rs. 1234800 interest in 9 years at 13% SI is
A. Rs. 1055000
B. Rs. 1056000
C. Rs. 1054000
D. Rs. 1057000
Discuss
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Correct Answer: Option B

Explanation:
P = (1234800 × 100)/(13 × 9) = 1056000.
This question belongs to: Maths Simple Interest
Question #497
In how many years will Rs. 963000 amount to Rs. 1348200 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 = 385200. T = (385200 × 100)/(963000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #498
A sum of Rs. 504000 amounts to Rs. 705600 in 4 years at simple interest. The rate is
A. 9%
B. 8%
C. 10%
D. 12%
Discuss
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Correct Answer: Option C

Explanation:
SI = 201600. R = (201600 × 100)/(504000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #499
Simple interest on Rs. 972000 for 3 years at 30% per annum is
A. Rs. 875000
B. Rs. 874800
C. Rs. 875200
D. Rs. 874600
Discuss
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Correct Answer: Option B

Explanation:
SI = (972000 × 30 × 3)/100 = 874800.
This question belongs to: Maths Simple Interest
Question #500
The rate at which Rs. 558000 amounts to Rs. 725400 in 3 years is
A. 10%
B. 8%
C. 9%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 167400. R = (167400 × 100)/(558000 × 3) = 10%.
This question belongs to: Maths Simple Interest

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