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

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Question #621
In how many years will Rs. 1116000 amount to Rs. 1562400 at 8% simple interest?
A. 4 years
B. 5 years
C. 7 years
D. 6 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 446400. T = (446400 × 100)/(1116000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #622
A sum of Rs. 1125000 amounts to Rs. 1575000 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 = 450000. R = (450000 × 100)/(1125000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #623
Simple interest on Rs. 1134000 for 3 years at 30% per annum is
A. Rs. 1020600
B. Rs. 1021000
C. Rs. 1020800
D. Rs. 1020400
Discuss
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Correct Answer: Option A

Explanation:
SI = (1134000 × 30 × 3)/100 = 1020600.
This question belongs to: Maths Simple Interest
Question #624
The rate at which Rs. 1143000 amounts to Rs. 1485900 in 3 years is
A. 8%
B. 9%
C. 10%
D. 12%
Discuss
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Correct Answer: Option C

Explanation:
SI = 342900. R = (342900 × 100)/(1143000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #625
Simple interest on Rs. 1152000 for 2 years at 33% per annum is
A. Rs. 760720
B. Rs. 760120
C. Rs. 760320
D. Rs. 760520
Discuss
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Correct Answer: Option C

Explanation:
SI = (1152000 × 33 × 2)/100 = 760320.
This question belongs to: Maths Simple Interest
Question #626
The principal that gives Rs. 982800 interest in 9 years at 12% SI is
A. Rs. 909000
B. Rs. 910000
C. Rs. 908000
D. Rs. 911000
Discuss
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Correct Answer: Option B

Explanation:
P = (982800 × 100)/(12 × 9) = 910000.
This question belongs to: Maths Simple Interest
Question #627
In how many years will Rs. 1161000 amount to Rs. 1625400 at 8% simple interest?
A. 4 years
B. 6 years
C. 7 years
D. 5 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 464400. T = (464400 × 100)/(1161000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #628
A sum of Rs. 1170000 amounts to Rs. 1638000 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 = 468000. R = (468000 × 100)/(1170000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #629
Simple interest on Rs. 1179000 for 3 years at 31% per annum is
A. Rs. 1097570
B. Rs. 1097770
C. Rs. 1097170
D. Rs. 1097370
Discuss
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Correct Answer: Option D

Explanation:
SI = (1179000 × 31 × 3)/100 = 1097370.
This question belongs to: Maths Simple Interest
Question #630
The rate at which Rs. 1188000 amounts to Rs. 1544400 in 3 years is
A. 9%
B. 8%
C. 10%
D. 12%
Discuss
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Correct Answer: Option C

Explanation:
SI = 356400. R = (356400 × 100)/(1188000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #631
Simple interest on Rs. 1197000 for 2 years at 34% per annum is
A. Rs. 814360
B. Rs. 813960
C. Rs. 813760
D. Rs. 814160
Discuss
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Correct Answer: Option B

Explanation:
SI = (1197000 × 34 × 2)/100 = 813960.
This question belongs to: Maths Simple Interest
Question #632
The principal that gives Rs. 1058400 interest in 8 years at 13% SI is
A. Rs. 1012500
B. Rs. 1010500
C. Rs. 1011500
D. Rs. 1013500
Discuss
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Correct Answer: Option A

Explanation:
P = (1058400 × 100)/(13 × 8) = 1012500.
This question belongs to: Maths Simple Interest
Question #633
In how many years will Rs. 1206000 amount to Rs. 1688400 at 8% simple interest?
A. 4 years
B. 5 years
C. 6 years
D. 7 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 482400. T = (482400 × 100)/(1206000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #634
A sum of Rs. 1215000 amounts to Rs. 1701000 in 4 years at simple interest. The rate is
A. 9%
B. 12%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 486000. R = (486000 × 100)/(1215000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #635
Simple interest on Rs. 1224000 for 3 years at 32% per annum is
A. Rs. 1175040
B. Rs. 1175440
C. Rs. 1175240
D. Rs. 1174840
Discuss
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Correct Answer: Option A

Explanation:
SI = (1224000 × 32 × 3)/100 = 1175040.
This question belongs to: Maths Simple Interest
Question #636
The rate at which Rs. 1233000 amounts to Rs. 1602900 in 3 years is
A. 8%
B. 9%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 369900. R = (369900 × 100)/(1233000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #637
Simple interest on Rs. 1242000 for 2 years at 35% per annum is
A. Rs. 869200
B. Rs. 869400
C. Rs. 869800
D. Rs. 869600
Discuss
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Correct Answer: Option B

Explanation:
SI = (1242000 × 35 × 2)/100 = 869400.
This question belongs to: Maths Simple Interest
Question #638
The principal that gives Rs. 1134000 interest in 9 years at 12% SI is
A. Rs. 1049000
B. Rs. 1050000
C. Rs. 1048000
D. Rs. 1051000
Discuss
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Correct Answer: Option B

Explanation:
P = (1134000 × 100)/(12 × 9) = 1050000.
This question belongs to: Maths Simple Interest
Question #639
In how many years will Rs. 1251000 amount to Rs. 1751400 at 8% simple interest?
A. 6 years
B. 7 years
C. 4 years
D. 5 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 500400. T = (500400 × 100)/(1251000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #640
A sum of Rs. 1260000 amounts to Rs. 1764000 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 = 504000. R = (504000 × 100)/(1260000 × 4) = 10%.
This question belongs to: Maths Simple Interest

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