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 33 of 55
Question #641
Simple interest on Rs. 1269000 for 3 years at 33% per annum is
A. Rs. 1256510
B. Rs. 1256310
C. Rs. 1256710
D. Rs. 1256110
Discuss
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Correct Answer: Option B

Explanation:
SI = (1269000 × 33 × 3)/100 = 1256310.
This question belongs to: Maths Simple Interest
Question #642
The rate at which Rs. 1278000 amounts to Rs. 1661400 in 3 years is
A. 12%
B. 8%
C. 10%
D. 9%
Discuss
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Correct Answer: Option C

Explanation:
SI = 383400. R = (383400 × 100)/(1278000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #643
Simple interest on Rs. 1287000 for 2 years at 36% per annum is
A. Rs. 926640
B. Rs. 926840
C. Rs. 926440
D. Rs. 927040
Discuss
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Correct Answer: Option A

Explanation:
SI = (1287000 × 36 × 2)/100 = 926640.
This question belongs to: Maths Simple Interest
Question #644
The principal that gives Rs. 1209600 interest in 8 years at 14% SI is
A. Rs. 1081000
B. Rs. 1079000
C. Rs. 1078000
D. Rs. 1080000
Discuss
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Correct Answer: Option D

Explanation:
P = (1209600 × 100)/(14 × 8) = 1080000.
This question belongs to: Maths Simple Interest
Question #645
In how many years will Rs. 1296000 amount to Rs. 1814400 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 = 518400. T = (518400 × 100)/(1296000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #646
A sum of Rs. 1305000 amounts to Rs. 1827000 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 = 522000. R = (522000 × 100)/(1305000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #647
Simple interest on Rs. 1314000 for 3 years at 34% per annum is
A. Rs. 1340680
B. Rs. 1340080
C. Rs. 1340480
D. Rs. 1340280
Discuss
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Correct Answer: Option D

Explanation:
SI = (1314000 × 34 × 3)/100 = 1340280.
This question belongs to: Maths Simple Interest
Question #648
The rate at which Rs. 1323000 amounts to Rs. 1720000 approx in 3 years is adjusted to exact 10%
A. 9%
B. 12%
C. 10%
D. 8%
Discuss
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Correct Answer: Option C

Explanation:
SI = 396900. R = (396900 × 100)/(1323000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #649
Simple interest on Rs. 1332000 for 2 years at 37% per annum is
A. Rs. 985480
B. Rs. 985680
C. Rs. 985880
D. Rs. 986080
Discuss
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Correct Answer: Option B

Explanation:
SI = (1332000 × 37 × 2)/100 = 985680.
This question belongs to: Maths Simple Interest
Question #650
The principal that gives Rs. 1285200 interest in 9 years at 13% SI is
A. Rs. 1101000
B. Rs. 1098000
C. Rs. 1100000
D. Rs. 1099000
Discuss
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Correct Answer: Option C

Explanation:
P = (1285200 × 100)/(13 × 9) = 1100000.
This question belongs to: Maths Simple Interest
Question #651
In how many years will Rs. 1341000 amount to Rs. 1877400 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 = 536400. T = (536400 × 100)/(1341000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #652
A sum of Rs. 1350000 amounts to Rs. 1890000 in 4 years at simple interest. The rate is
A. 10%
B. 9%
C. 8%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 540000. R = (540000 × 100)/(1350000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #653
Simple interest on Rs. 1359000 for 3 years at 35% per annum is
A. Rs. 1426750
B. Rs. 1427150
C. Rs. 1427350
D. Rs. 1426950
Discuss
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Correct Answer: Option D

Explanation:
SI = (1359000 × 35 × 3)/100 = 1426950.
This question belongs to: Maths Simple Interest
Question #654
The rate at which Rs. 1368000 amounts to Rs. 1778400 in 3 years is
A. 8%
B. 10%
C. 12%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
SI = 410400. R = (410400 × 100)/(1368000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #655
Simple interest on Rs. 1377000 for 2 years at 38% per annum is
A. Rs. 1046720
B. Rs. 1046520
C. Rs. 1046920
D. Rs. 1046320
Discuss
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Correct Answer: Option B

Explanation:
SI = (1377000 × 38 × 2)/100 = 1046520.
This question belongs to: Maths Simple Interest
Question #656
The principal that gives Rs. 1360800 interest in 8 years at 15% SI is
A. Rs. 1133000
B. Rs. 1132000
C. Rs. 1135000
D. Rs. 1134000
Discuss
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Correct Answer: Option D

Explanation:
P = (1360800 × 100)/(15 × 8) = 1134000.
This question belongs to: Maths Simple Interest
Question #657
In how many years will Rs. 1386000 amount to Rs. 1940400 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 = 554400. T = (554400 × 100)/(1386000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #658
A sum of Rs. 1395000 amounts to Rs. 1953000 in 4 years at simple interest. The rate is
A. 8%
B. 12%
C. 9%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 558000. R = (558000 × 100)/(1395000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #659
Simple interest on Rs. 1404000 for 3 years at 36% per annum is
A. Rs. 1516120
B. Rs. 1516320
C. Rs. 1516720
D. Rs. 1516520
Discuss
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Correct Answer: Option B

Explanation:
SI = (1404000 × 36 × 3)/100 = 1516320.
This question belongs to: Maths Simple Interest
Question #660
The rate at which Rs. 1413000 amounts to Rs. 1836900 in 3 years is
A. 10%
B. 8%
C. 12%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 423900. R = (423900 × 100)/(1413000 × 3) = 10%.
This question belongs to: Maths Simple Interest

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