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 31 of 55
Question #601
The rate at which Rs. 963000 amounts to Rs. 1251900 in 3 years is
A. 12%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 288900. R = (288900 × 100)/(963000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #602
Simple interest on Rs. 972000 for 2 years at 29% per annum is
A. Rs. 563760
B. Rs. 563560
C. Rs. 563960
D. Rs. 564160
Discuss
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Correct Answer: Option A

Explanation:
SI = (972000 × 29 × 2)/100 = 563760.
This question belongs to: Maths Simple Interest
Question #603
The principal that gives Rs. 680400 interest in 9 years at 12% SI is
A. Rs. 628000
B. Rs. 631000
C. Rs. 629000
D. Rs. 630000
Discuss
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Correct Answer: Option D

Explanation:
P = (680400 × 100)/(12 × 9) = 630000.
This question belongs to: Maths Simple Interest
Question #604
In how many years will Rs. 981000 amount to Rs. 1373400 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 = 392400. T = (392400 × 100)/(981000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #605
A sum of Rs. 990000 amounts to Rs. 1386000 in 4 years at simple interest. The rate is
A. 8%
B. 12%
C. 10%
D. 9%
Discuss
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Correct Answer: Option C

Explanation:
SI = 396000. R = (396000 × 100)/(990000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #606
Simple interest on Rs. 999000 for 3 years at 27% per annum is
A. Rs. 809590
B. Rs. 809190
C. Rs. 809390
D. Rs. 808990
Discuss
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Correct Answer: Option B

Explanation:
SI = (999000 × 27 × 3)/100 = 809190.
This question belongs to: Maths Simple Interest
Question #607
The rate at which Rs. 1008000 amounts to Rs. 1310400 in 3 years is
A. 10%
B. 12%
C. 8%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 302400. R = (302400 × 100)/(1008000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #608
Simple interest on Rs. 1017000 for 2 years at 30% per annum is
A. Rs. 610200
B. Rs. 610400
C. Rs. 610600
D. Rs. 610000
Discuss
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Correct Answer: Option A

Explanation:
SI = (1017000 × 30 × 2)/100 = 610200.
This question belongs to: Maths Simple Interest
Question #609
The principal that gives Rs. 756000 interest in 8 years at 12% SI is
A. Rs. 788500
B. Rs. 787500
C. Rs. 785500
D. Rs. 786500
Discuss
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Correct Answer: Option B

Explanation:
P = (756000 × 100)/(12 × 8) = 787500.
This question belongs to: Maths Simple Interest
Question #610
In how many years will Rs. 1026000 amount to Rs. 1436400 at 8% simple interest?
A. 6 years
B. 7 years
C. 5 years
D. 4 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 410400. T = (410400 × 100)/(1026000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #611
A sum of Rs. 1035000 amounts to Rs. 1449000 in 4 years at simple interest. The rate is
A. 10%
B. 12%
C. 8%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 414000. R = (414000 × 100)/(1035000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #612
Simple interest on Rs. 1044000 for 3 years at 28% per annum is
A. Rs. 877360
B. Rs. 876760
C. Rs. 877160
D. Rs. 876960
Discuss
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Correct Answer: Option D

Explanation:
SI = (1044000 × 28 × 3)/100 = 876960.
This question belongs to: Maths Simple Interest
Question #613
The rate at which Rs. 1053000 amounts to Rs. 1368900 in 3 years is
A. 12%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 315900. R = (315900 × 100)/(1053000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #614
Simple interest on Rs. 1062000 for 2 years at 31% per annum is
A. Rs. 658240
B. Rs. 658640
C. Rs. 658440
D. Rs. 658840
Discuss
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Correct Answer: Option C

Explanation:
SI = (1062000 × 31 × 2)/100 = 658440.
This question belongs to: Maths Simple Interest
Question #615
In how many years will Rs. 1071000 amount to Rs. 1499400 at 8% simple interest?
A. 6 years
B. 7 years
C. 5 years
D. 4 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 428400. T = (428400 × 100)/(1071000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #616
A sum of Rs. 1080000 amounts to Rs. 1512000 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 = 432000. R = (432000 × 100)/(1080000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #617
Simple interest on Rs. 1089000 for 3 years at 29% per annum is
A. Rs. 947430
B. Rs. 947630
C. Rs. 947830
D. Rs. 947230
Discuss
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Correct Answer: Option A

Explanation:
SI = (1089000 × 29 × 3)/100 = 947430.
This question belongs to: Maths Simple Interest
Question #618
The rate at which Rs. 1098000 amounts to Rs. 1427400 in 3 years is
A. 9%
B. 8%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 329400. R = (329400 × 100)/(1098000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #619
Simple interest on Rs. 1107000 for 2 years at 32% per annum is
A. Rs. 708280
B. Rs. 708480
C. Rs. 708880
D. Rs. 708680
Discuss
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Correct Answer: Option B

Explanation:
SI = (1107000 × 32 × 2)/100 = 708480.
This question belongs to: Maths Simple Interest
Question #620
The principal that gives Rs. 907200 interest in 8 years at 13% SI is
A. Rs. 870000
B. Rs. 869000
C. Rs. 868000
D. Rs. 871000
Discuss
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Correct Answer: Option A

Explanation:
P = (907200 × 100)/(13 × 8) = 870000.
This question belongs to: Maths Simple Interest

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