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 34 of 55
Question #661
Simple interest on Rs. 1422000 for 2 years at 39% per annum is
A. Rs. 1108960
B. Rs. 1109360
C. Rs. 1109560
D. Rs. 1109160
Discuss
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Correct Answer: Option D

Explanation:
SI = (1422000 × 39 × 2)/100 = 1109160.
This question belongs to: Maths Simple Interest
Question #662
The principal that gives Rs. 1512000 interest in 9 years at 14% SI is
A. Rs. 1198000
B. Rs. 1200000
C. Rs. 1199000
D. Rs. 1201000
Discuss
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Correct Answer: Option B

Explanation:
P = (1512000 × 100)/(14 × 9) = 1200000.
This question belongs to: Maths Simple Interest
Question #663
In how many years will Rs. 1431000 amount to Rs. 2003400 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 = 572400. T = (572400 × 100)/(1431000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #664
A sum of Rs. 1440000 amounts to Rs. 2016000 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 = 576000. R = (576000 × 100)/(1440000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #665
Simple interest on Rs. 1449000 for 3 years at 37% per annum is
A. Rs. 1607770
B. Rs. 1608170
C. Rs. 1607970
D. Rs. 1608370
Discuss
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Correct Answer: Option C

Explanation:
SI = (1449000 × 37 × 3)/100 = 1607970.
This question belongs to: Maths Simple Interest
Question #666
The rate at which Rs. 1458000 amounts to Rs. 1895400 in 3 years is
A. 9%
B. 12%
C. 10%
D. 8%
Discuss
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Correct Answer: Option C

Explanation:
SI = 437400. R = (437400 × 100)/(1458000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #667
Simple interest on Rs. 1467000 for 2 years at 40% per annum is
A. Rs. 1173600
B. Rs. 1173400
C. Rs. 1174000
D. Rs. 1173800
Discuss
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Correct Answer: Option A

Explanation:
SI = (1467000 × 40 × 2)/100 = 1173600.
This question belongs to: Maths Simple Interest
Question #668
The principal that gives Rs. 1587600 interest in 8 years at 15% SI is
A. Rs. 1322000
B. Rs. 1321000
C. Rs. 1324000
D. Rs. 1323000
Discuss
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Correct Answer: Option D

Explanation:
P = (1587600 × 100)/(15 × 8) = 1323000.
This question belongs to: Maths Simple Interest
Question #669
In how many years will Rs. 1476000 amount to Rs. 2066400 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 = 590400. T = (590400 × 100)/(1476000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #670
A sum of Rs. 1485000 amounts to Rs. 2079000 in 4 years at simple interest. The rate is
A. 8%
B. 9%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 594000. R = (594000 × 100)/(1485000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #671
Simple interest on Rs. 1494000 for 3 years at 38% per annum is
A. Rs. 1703560
B. Rs. 1703160
C. Rs. 1702960
D. Rs. 1703360
Discuss
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Correct Answer: Option B

Explanation:
SI = (1494000 × 38 × 3)/100 = 1703160.
This question belongs to: Maths Simple Interest
Question #672
The rate at which Rs. 1503000 amounts to Rs. 1953900 in 3 years is
A. 12%
B. 10%
C. 8%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
SI = 450900. R = (450900 × 100)/(1503000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #673
Simple interest on Rs. 1512000 for 2 years at 41% per annum is
A. Rs. 1240040
B. Rs. 1239640
C. Rs. 1239840
D. Rs. 1240240
Discuss
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Correct Answer: Option C

Explanation:
SI = (1512000 × 41 × 2)/100 = 1239840.
This question belongs to: Maths Simple Interest
Question #674
The principal that gives Rs. 1663200 interest in 9 years at 14% SI is
A. Rs. 1319000
B. Rs. 1320000
C. Rs. 1321000
D. Rs. 1318000
Discuss
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Correct Answer: Option B

Explanation:
P = (1663200 × 100)/(14 × 9) = 1320000.
This question belongs to: Maths Simple Interest
Question #675
In how many years will Rs. 1521000 amount to Rs. 2129400 at 8% simple interest?
A. 5 years
B. 7 years
C. 4 years
D. 6 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 608400. T = (608400 × 100)/(1521000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #676
A sum of Rs. 1530000 amounts to Rs. 2142000 in 4 years at simple interest. The rate is
A. 12%
B. 8%
C. 9%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 612000. R = (612000 × 100)/(1530000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #677
Simple interest on Rs. 1539000 for 3 years at 39% per annum is
A. Rs. 1801170
B. Rs. 1801370
C. Rs. 1800970
D. Rs. 1801570
Discuss
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Correct Answer: Option A

Explanation:
SI = (1539000 × 39 × 3)/100 = 1801170.
This question belongs to: Maths Simple Interest
Question #678
The rate at which Rs. 1548000 amounts to Rs. 2012400 in 3 years is
A. 8%
B. 10%
C. 9%
D. 12%
Discuss
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Correct Answer: Option B

Explanation:
SI = 464400. R = (464400 × 100)/(1548000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #679
Simple interest on Rs. 1557000 for 2 years at 42% per annum is
A. Rs. 1307680
B. Rs. 1308080
C. Rs. 1307880
D. Rs. 1308280
Discuss
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Correct Answer: Option C

Explanation:
SI = (1557000 × 42 × 2)/100 = 1307880.
This question belongs to: Maths Simple Interest
Question #680
The principal that gives Rs. 1747200 interest in 8 years at 16% SI is
A. Rs. 1364000
B. Rs. 1363000
C. Rs. 1365000
D. Rs. 1366000
Discuss
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Correct Answer: Option C

Explanation:
P = (1747200 × 100)/(16 × 8) = 1365000.
This question belongs to: Maths Simple Interest

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