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 30 of 55
Question #581
In how many years will Rs. 801000 amount to Rs. 1121400 at 8% simple interest?
A. 5 years
B. 6 years
C. 4 years
D. 7 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 320400. T = (320400 × 100)/(801000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #582
A sum of Rs. 810000 amounts to Rs. 1134000 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 = 324000. R = (324000 × 100)/(810000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #583
Simple interest on Rs. 819000 for 3 years at 23% per annum is
A. Rs. 565010
B. Rs. 565210
C. Rs. 564810
D. Rs. 564610
Discuss
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Correct Answer: Option C

Explanation:
SI = (819000 × 23 × 3)/100 = 564810.
This question belongs to: Maths Simple Interest
Question #584
The rate at which Rs. 828000 amounts to Rs. 1076400 in 3 years is
A. 12%
B. 8%
C. 10%
D. 9%
Discuss
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Correct Answer: Option C

Explanation:
SI = 248400. R = (248400 × 100)/(828000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #585
Simple interest on Rs. 837000 for 2 years at 26% per annum is
A. Rs. 435440
B. Rs. 435640
C. Rs. 435240
D. Rs. 435040
Discuss
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Correct Answer: Option C

Explanation:
SI = (837000 × 26 × 2)/100 = 435240.
This question belongs to: Maths Simple Interest
Question #586
The principal that gives Rs. 453600 interest in 8 years at 9% SI is
A. Rs. 628000
B. Rs. 630000
C. Rs. 629000
D. Rs. 631000
Discuss
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Correct Answer: Option B

Explanation:
P = (453600 × 100)/(9 × 8) = 630000.
This question belongs to: Maths Simple Interest
Question #587
In how many years will Rs. 846000 amount to Rs. 1184400 at 8% simple interest?
A. 7 years
B. 4 years
C. 6 years
D. 5 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 338400. T = (338400 × 100)/(846000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #588
A sum of Rs. 855000 amounts to Rs. 1197000 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 = 342000. R = (342000 × 100)/(855000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #589
Simple interest on Rs. 864000 for 3 years at 24% per annum is
A. Rs. 621880
B. Rs. 622480
C. Rs. 622280
D. Rs. 622080
Discuss
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Correct Answer: Option D

Explanation:
SI = (864000 × 24 × 3)/100 = 622080.
This question belongs to: Maths Simple Interest
Question #590
The rate at which Rs. 873000 amounts to Rs. 1134900 in 3 years is
A. 8%
B. 10%
C. 12%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
SI = 261900. R = (261900 × 100)/(873000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #591
Simple interest on Rs. 882000 for 2 years at 27% per annum is
A. Rs. 476480
B. Rs. 476080
C. Rs. 476280
D. Rs. 476680
Discuss
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Correct Answer: Option C

Explanation:
SI = (882000 × 27 × 2)/100 = 476280.
This question belongs to: Maths Simple Interest
Question #592
The principal that gives Rs. 529200 interest in 9 years at 11% SI is
A. Rs. 533000
B. Rs. 535000
C. Rs. 534000
D. Rs. 536000
Discuss
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Correct Answer: Option B

Explanation:
P = (529200 × 100)/(11 × 9) = 535000.
This question belongs to: Maths Simple Interest
Question #593
A sum of Rs. 900000 amounts to Rs. 1260000 in 4 years at simple interest. The rate is
A. 10%
B. 8%
C. 9%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 360000. R = (360000 × 100)/(900000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #594
Simple interest on Rs. 909000 for 3 years at 25% per annum is
A. Rs. 681750
B. Rs. 681550
C. Rs. 682150
D. Rs. 681950
Discuss
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Correct Answer: Option A

Explanation:
SI = (909000 × 25 × 3)/100 = 681750.
This question belongs to: Maths Simple Interest
Question #595
The rate at which Rs. 918000 amounts to Rs. 1193400 in 3 years is
A. 12%
B. 10%
C. 8%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
SI = 275400. R = (275400 × 100)/(918000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #596
Simple interest on Rs. 927000 for 2 years at 28% per annum is
A. Rs. 519520
B. Rs. 519320
C. Rs. 518920
D. Rs. 519120
Discuss
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Correct Answer: Option D

Explanation:
SI = (927000 × 28 × 2)/100 = 519120.
This question belongs to: Maths Simple Interest
Question #597
The principal that gives Rs. 604800 interest in 8 years at 12% SI is
A. Rs. 631000
B. Rs. 630000
C. Rs. 628000
D. Rs. 629000
Discuss
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Correct Answer: Option B

Explanation:
P = (604800 × 100)/(12 × 8) = 630000.
This question belongs to: Maths Simple Interest
Question #598
In how many years will Rs. 936000 amount to Rs. 1310400 at 8% simple interest?
A. 4 years
B. 7 years
C. 6 years
D. 5 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 374400. T = (374400 × 100)/(936000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #599
A sum of Rs. 945000 amounts to Rs. 1323000 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 = 378000. R = (378000 × 100)/(945000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #600
Simple interest on Rs. 954000 for 3 years at 26% per annum is
A. Rs. 743440
B. Rs. 743640
C. Rs. 743840
D. Rs. 744040
Discuss
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Correct Answer: Option B

Explanation:
SI = (954000 × 26 × 3)/100 = 743640.
This question belongs to: Maths Simple Interest

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