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 27 of 55
Question #521
The principal that gives Rs. 75600 interest in 7 years at 8% SI is
A. Rs. 135000
B. Rs. 134000
C. Rs. 133000
D. Rs. 136000
Discuss
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Correct Answer: Option A

Explanation:
P = (75600 × 100)/(8 × 7) = 135000.
This question belongs to: Maths Simple Interest
Question #522
In how many years will Rs. 261000 amount to Rs. 365400 at 8% simple interest?
A. 6 years
B. 5 years
C. 7 years
D. 4 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 104400. T = (104400 × 100)/(261000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #523
Simple interest on Rs. 279000 for 3 years at 11% per annum is
A. Rs. 92070
B. Rs. 91870
C. Rs. 92470
D. Rs. 92270
Discuss
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Correct Answer: Option A

Explanation:
SI = (279000 × 11 × 3)/100 = 92070.
This question belongs to: Maths Simple Interest
Question #524
The principal that gives Rs. 88200 interest in 6 years at 7% SI is
A. Rs. 210000
B. Rs. 211000
C. Rs. 208000
D. Rs. 209000
Discuss
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Correct Answer: Option A

Explanation:
P = (88200 × 100)/(7 × 6) = 210000.
This question belongs to: Maths Simple Interest
Question #525
In how many years will Rs. 306000 amount to Rs. 428400 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 = 122400. T = (122400 × 100)/(306000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #526
A sum of Rs. 315000 amounts to Rs. 441000 in 4 years at simple interest. The rate is
A. 9%
B. 10%
C. 8%
D. 12%
Discuss
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Correct Answer: Option B

Explanation:
SI = 126000. R = (126000 × 100)/(315000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #527
The rate at which Rs. 333000 amounts to Rs. 432900 in 3 years is
A. 9%
B. 8%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 99900. R = (99900 × 100)/(333000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #528
Simple interest on Rs. 342000 for 2 years at 15% per annum is
A. Rs. 103000
B. Rs. 102600
C. Rs. 102800
D. Rs. 102400
Discuss
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Correct Answer: Option B

Explanation:
SI = (342000 × 15 × 2)/100 = 102600.
This question belongs to: Maths Simple Interest
Question #529
The principal that gives Rs. 100800 interest in 7 years at 8% SI is
A. Rs. 181000
B. Rs. 180000
C. Rs. 178000
D. Rs. 179000
Discuss
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Correct Answer: Option B

Explanation:
P = (100800 × 100)/(8 × 7) = 180000.
This question belongs to: Maths Simple Interest
Question #530
Simple interest on Rs. 369000 for 3 years at 13% per annum is
A. Rs. 144310
B. Rs. 144110
C. Rs. 143710
D. Rs. 143910
Discuss
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Correct Answer: Option D

Explanation:
SI = (369000 × 13 × 3)/100 = 143910.
This question belongs to: Maths Simple Interest
Question #531
Simple interest on Rs. 387000 for 2 years at 16% per annum is
A. Rs. 123640
B. Rs. 124040
C. Rs. 123840
D. Rs. 124240
Discuss
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Correct Answer: Option C

Explanation:
SI = (387000 × 16 × 2)/100 = 123840.
This question belongs to: Maths Simple Interest
Question #532
The principal that gives Rs. 113400 interest in 6 years at 7% SI is
A. Rs. 268000
B. Rs. 269000
C. Rs. 271000
D. Rs. 270000
Discuss
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Correct Answer: Option D

Explanation:
P = (113400 × 100)/(7 × 6) = 270000.
This question belongs to: Maths Simple Interest
Question #533
In how many years will Rs. 396000 amount to Rs. 554400 at 8% simple interest?
A. 5 years
B. 4 years
C. 6 years
D. 7 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 158400. T = (158400 × 100)/(396000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #534
A sum of Rs. 405000 amounts to Rs. 567000 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 = 162000. R = (162000 × 100)/(405000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #535
Simple interest on Rs. 414000 for 3 years at 14% per annum is
A. Rs. 174080
B. Rs. 174280
C. Rs. 173680
D. Rs. 173880
Discuss
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Correct Answer: Option D

Explanation:
SI = (414000 × 14 × 3)/100 = 173880.
This question belongs to: Maths Simple Interest
Question #536
The rate at which Rs. 423000 amounts to Rs. 549900 in 3 years is
A. 8%
B. 10%
C. 12%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
SI = 126900. R = (126900 × 100)/(423000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #537
Simple interest on Rs. 432000 for 2 years at 17% per annum is
A. Rs. 147080
B. Rs. 146880
C. Rs. 147280
D. Rs. 146680
Discuss
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Correct Answer: Option B

Explanation:
SI = (432000 × 17 × 2)/100 = 146880.
This question belongs to: Maths Simple Interest
Question #538
The principal that gives Rs. 126000 interest in 5 years at 6% SI is
A. Rs. 421000
B. Rs. 420000
C. Rs. 418000
D. Rs. 419000
Discuss
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Correct Answer: Option B

Explanation:
P = (126000 × 100)/(6 × 5) = 420000.
This question belongs to: Maths Simple Interest
Question #539
In how many years will Rs. 441000 amount to Rs. 617400 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 = 176400. T = (176400 × 100)/(441000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #540
Simple interest on Rs. 459000 for 3 years at 15% per annum is
A. Rs. 206950
B. Rs. 206750
C. Rs. 206350
D. Rs. 206550
Discuss
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Correct Answer: Option D

Explanation:
SI = (459000 × 15 × 3)/100 = 206550.
This question belongs to: Maths Simple Interest

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