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 26 of 55
Question #501
Simple interest on Rs. 981000 for 2 years at 33% per annum is
A. Rs. 647860
B. Rs. 647660
C. Rs. 647460
D. Rs. 647260
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Correct Answer: Option C

Explanation:
SI = (981000 × 33 × 2)/100 = 647460.
This question belongs to: Maths Simple Interest
Question #502
The principal that gives Rs. 1335600 interest in 8 years at 13% SI is
A. Rs. 1277500
B. Rs. 1280000
C. Rs. 1282500
D. Rs. 1285000
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Correct Answer: Option C

Explanation:
P = (1335600 × 100)/(13 × 8) = 1282500.
This question belongs to: Maths Simple Interest
Question #503
In how many years will Rs. 999000 amount to Rs. 1398600 at 8% simple interest?
A. 5 years
B. 4 years
C. 7 years
D. 6 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 399600. T = (399600 × 100)/(999000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #504
Simple interest on Rs. 108000 for 3 years at 8% per annum is
A. Rs. 25720
B. Rs. 25920
C. Rs. 26320
D. Rs. 26120
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Correct Answer: Option B

Explanation:
SI = (108000 × 8 × 3)/100 = 25920.
This question belongs to: Maths Simple Interest
Question #505
The rate at which Rs. 99000 amounts to Rs. 128700 in 3 years is
A. 8%
B. 12%
C. 9%
D. 10%
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Correct Answer: Option D

Explanation:
SI = 29700. R = (29700 × 100)/(99000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #506
Simple interest on Rs. 117000 for 2 years at 9% per annum is
A. Rs. 21460
B. Rs. 21060
C. Rs. 20860
D. Rs. 21260
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Correct Answer: Option B

Explanation:
SI = (117000 × 9 × 2)/100 = 21060.
This question belongs to: Maths Simple Interest
Question #507
In how many years will Rs. 126000 amount to Rs. 176400 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 = 50400. T = (50400 × 100)/(126000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #508
A sum of Rs. 135000 amounts to Rs. 189000 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 = 54000. R = (54000 × 100)/(135000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #509
Simple interest on Rs. 144000 for 3 years at 10% per annum is
A. Rs. 43000
B. Rs. 43200
C. Rs. 43400
D. Rs. 43600
Discuss
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Correct Answer: Option B

Explanation:
SI = (144000 × 10 × 3)/100 = 43200.
This question belongs to: Maths Simple Interest
Question #510
The rate at which Rs. 153000 amounts to Rs. 198900 in 3 years is
A. 9%
B. 8%
C. 10%
D. 12%
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Correct Answer: Option C

Explanation:
SI = 45900. R = (45900 × 100)/(153000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #511
Simple interest on Rs. 162000 for 2 years at 11% per annum is
A. Rs. 35640
B. Rs. 35840
C. Rs. 35440
D. Rs. 36040
Discuss
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Correct Answer: Option A

Explanation:
SI = (162000 × 11 × 2)/100 = 35640.
This question belongs to: Maths Simple Interest
Question #512
The principal that gives Rs. 50400 interest in 7 years at 8% SI is
A. Rs. 89000
B. Rs. 88000
C. Rs. 90000
D. Rs. 91000
Discuss
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Correct Answer: Option C

Explanation:
P = (50400 × 100)/(8 × 7) = 90000.
This question belongs to: Maths Simple Interest
Question #513
Simple interest on Rs. 189000 for 3 years at 9% per annum is
A. Rs. 51430
B. Rs. 51030
C. Rs. 50830
D. Rs. 51230
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Correct Answer: Option B

Explanation:
SI = (189000 × 9 × 3)/100 = 51030.
This question belongs to: Maths Simple Interest
Question #514
Simple interest on Rs. 207000 for 2 years at 12% per annum is
A. Rs. 49880
B. Rs. 49480
C. Rs. 49680
D. Rs. 50080
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Correct Answer: Option C

Explanation:
SI = (207000 × 12 × 2)/100 = 49680.
This question belongs to: Maths Simple Interest
Question #515
The principal that gives Rs. 63000 interest in 6 years at 7% SI is
A. Rs. 148000
B. Rs. 150000
C. Rs. 151000
D. Rs. 149000
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Correct Answer: Option B

Explanation:
P = (63000 × 100)/(7 × 6) = 150000.
This question belongs to: Maths Simple Interest
Question #516
In how many years will Rs. 216000 amount to Rs. 302400 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 = 86400. T = (86400 × 100)/(216000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #517
A sum of Rs. 225000 amounts to Rs. 315000 in 4 years at simple interest. The rate is
A. 8%
B. 10%
C. 9%
D. 12%
Discuss
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Correct Answer: Option B

Explanation:
SI = 90000. R = (90000 × 100)/(225000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #518
Simple interest on Rs. 234000 for 3 years at 10% per annum is
A. Rs. 70000
B. Rs. 70600
C. Rs. 70400
D. Rs. 70200
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Correct Answer: Option D

Explanation:
SI = (234000 × 10 × 3)/100 = 70200.
This question belongs to: Maths Simple Interest
Question #519
The rate at which Rs. 243000 amounts to Rs. 315900 in 3 years is
A. 12%
B. 10%
C. 8%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
SI = 72900. R = (72900 × 100)/(243000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #520
Simple interest on Rs. 252000 for 2 years at 13% per annum is
A. Rs. 65320
B. Rs. 65520
C. Rs. 65920
D. Rs. 65720
Discuss
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Correct Answer: Option B

Explanation:
SI = (252000 × 13 × 2)/100 = 65520.
This question belongs to: Maths Simple Interest

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