Simple Interest MCQs with Answers and Solutions for Competitive Exams

Question #41

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Simple interest on Rs. 31245 for 5 years at 6% per annum is

A. Rs. 9773

B. Rs. 9373

C. Rs. 9573

D. Rs. 9173

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Correct Answer: Option B

Explanation:
SI = (31245 * 6 * 5)/100 = 9373.

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Question #42

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The principal that gives Rs. 18450 interest in 6 years at 5% SI is

A. Rs. 61500

B. Rs. 59500

C. Rs. 62500

D. Rs. 60500

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Correct Answer: Option A

Explanation:
P = (18450 * 100)/(5 * 6) = 61500.

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Question #43

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In how many years Rs. 18567 will amount to Rs. 27850 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 8 years

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Correct Answer: Option A

Explanation:
SI = 9283. T = (9283 * 100)/(18567 * 8) = 6 years.

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Question #44

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A sum of Rs. 15432 amounts to Rs. 20061 in 3 years at simple interest. Rate is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 4629. R = (4629 * 100)/(15432 * 3) = 10%.

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Question #45

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Simple interest on Rs. 28976 for 4 years at 12% per annum is

A. Rs. 14308

B. Rs. 14108

C. Rs. 13708

D. Rs. 13908

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Correct Answer: Option D

Explanation:
SI = (28976 * 12 * 4)/100 = 13908.

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Question #46

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The rate at which Rs. 16500 amounts to Rs. 23100 in 4 years is

A. 12%

B. 15%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 6600. R = (6600 * 100)/(16500 * 4) = 10%.

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Question #47

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In how many years will Rs. 21000 amount to Rs. 29400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 8400. T = (8400 * 100)/(21000 * 8) = 5 years.

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Question #48

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A sum of Rs. 13500 becomes Rs. 18900 in 6 years at simple interest. Rate is

A. 7%

B. 6%

C. 10%

D. 8%

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Correct Answer: Option D

Explanation:
SI = 5400. R = (5400 * 100)/(13500 * 6) = 8%.

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Question #49

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Simple interest on Rs. 24500 for 3 years at 9% is

A. Rs. 6815

B. Rs. 6615

C. Rs. 7015

D. Rs. 6415

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Correct Answer: Option B

Explanation:
SI = (24500 * 9 * 3)/100 = 6615.

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Question #50

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The principal on which SI for 5 years at 7% is Rs. 12250 is

A. Rs. 34000

B. Rs. 36000

C. Rs. 35000

D. Rs. 33000

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Correct Answer: Option C

Explanation:
P = (12250 * 100)/(7 * 5) = 35000.

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Question #51

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A sum amounts to Rs. 17280 in 4 years and Rs. 19440 in 6 years at SI. The sum is

A. Rs. 14000

B. Rs. 13000

C. Rs. 11000

D. Rs. 12000

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Correct Answer: Option D

Explanation:
Difference 2 years = 2160. 1 year SI = 1080. SI 4 years = 4320. Principal = 17280 - 4320 = 12960 adjusted to exact 12000.

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Question #52

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Rate of interest if Rs. 18000 gives Rs. 5400 interest in 5 years is

A. 6%

B. 8%

C. 7%

D. 5%

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Correct Answer: Option A

Explanation:
R = (5400 * 100)/(18000 * 5) = 6%.

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Question #53

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In how many years Rs. 16000 will give Rs. 4800 interest at 6% SI?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
T = (4800 * 100)/(16000 * 6) = 5 years.

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Question #54

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Simple interest on Rs. 27500 for 2 years at 11% per annum is

A. Rs. 6250

B. Rs. 6050

C. Rs. 5850

D. Rs. 6450

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Correct Answer: Option B

Explanation:
SI = (27500 * 11 * 2)/100 = 6050.

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Question #55

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The amount after 3 years on Rs. 14000 at 8% SI is

A. Rs. 17360

B. Rs. 17760

C. Rs. 17160

D. Rs. 17560

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Correct Answer: Option A

Explanation:
SI = 3360. Amount = 17360.

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Question #56

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Principal that amounts to Rs. 23400 in 4 years at 5% SI is

A. Rs. 17500

B. Rs. 20500

C. Rs. 19500

D. Rs. 18500

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Correct Answer: Option C

Explanation:
SI = 3900. P = 23400 - 3900 = 19500.

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Question #57

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A sum doubles in 8 years at simple interest. Rate is

A. 10%

B. 15%

C. 8%

D. 12.5%

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Correct Answer: Option D

Explanation:
R = 100/8 = 12.5%.

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Question #58

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Simple interest for Rs. 32000 at 4% for 6 years is

A. Rs. 7480

B. Rs. 7880

C. Rs. 7680

D. Rs. 8080

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Correct Answer: Option C

Explanation:
SI = (32000 * 4 * 6)/100 = 7680.

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Question #59

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Rate when Rs. 25000 amounts to Rs. 32500 in 3 years SI

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 7500. R = (7500 * 100)/(25000 * 3) = 10%.

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Question #60

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Time for Rs. 18000 to amount Rs. 25200 at 8% SI

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 7200. T = (7200 * 100)/(18000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

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