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 35 of 55
Question #681
In how many years will Rs. 1566000 amount to Rs. 2192400 at 8% simple interest?
A. 6 years
B. 5 years
C. 4 years
D. 7 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 626400. T = (626400 × 100)/(1566000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #682
A sum of Rs. 1575000 amounts to Rs. 2205000 in 4 years at simple interest. The rate is
A. 8%
B. 10%
C. 9%
D. 12%
Discuss
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Correct Answer: Option B

Explanation:
SI = 630000. R = (630000 × 100)/(1575000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #683
Simple interest on Rs. 1584000 for 3 years at 40% per annum is
A. Rs. 1900800
B. Rs. 1901200
C. Rs. 1901000
D. Rs. 1900600
Discuss
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Correct Answer: Option A

Explanation:
SI = (1584000 × 40 × 3)/100 = 1900800.
This question belongs to: Maths Simple Interest
Question #684
The rate at which Rs. 1593000 amounts to Rs. 2070900 in 3 years is
A. 12%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 477900. R = (477900 × 100)/(1593000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #685
Simple interest on Rs. 1602000 for 2 years at 43% per annum is
A. Rs. 1377920
B. Rs. 1378120
C. Rs. 1377720
D. Rs. 1377520
Discuss
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Correct Answer: Option C

Explanation:
SI = (1602000 × 43 × 2)/100 = 1377720.
This question belongs to: Maths Simple Interest
Question #686
The principal that gives Rs. 1814400 interest in 9 years at 14% SI is
A. Rs. 1441000
B. Rs. 1440000
C. Rs. 1438000
D. Rs. 1439000
Discuss
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Correct Answer: Option B

Explanation:
P = (1814400 × 100)/(14 × 9) = 1440000.
This question belongs to: Maths Simple Interest
Question #687
In how many years will Rs. 1611000 amount to Rs. 2255400 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 = 644400. T = (644400 × 100)/(1611000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #688
A sum of Rs. 1620000 amounts to Rs. 2268000 in 4 years at simple interest. The rate is
A. 12%
B. 9%
C. 10%
D. 8%
Discuss
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Correct Answer: Option C

Explanation:
SI = 648000. R = (648000 × 100)/(1620000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #689
Simple interest on Rs. 1629000 for 3 years at 41% per annum is
A. Rs. 2003270
B. Rs. 2003470
C. Rs. 2002870
D. Rs. 2003070
Discuss
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Correct Answer: Option D

Explanation:
SI = (1629000 × 41 × 3)/100 = 2003070.
This question belongs to: Maths Simple Interest
Question #690
The rate at which Rs. 1638000 amounts to Rs. 2129400 in 3 years is
A. 10%
B. 8%
C. 9%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 491400. R = (491400 × 100)/(1638000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #691
Simple interest on Rs. 1647000 for 2 years at 44% per annum is
A. Rs. 1449560
B. Rs. 1449360
C. Rs. 1449160
D. Rs. 1449760
Discuss
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Correct Answer: Option B

Explanation:
SI = (1647000 × 44 × 2)/100 = 1449360.
This question belongs to: Maths Simple Interest
Question #692
The principal that gives Rs. 1940400 interest in 8 years at 16% SI is
A. Rs. 1515000
B. Rs. 1513000
C. Rs. 1516000
D. Rs. 1514000
Discuss
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Correct Answer: Option A

Explanation:
P = (1940400 × 100)/(16 × 8) = 1515000.
This question belongs to: Maths Simple Interest
Question #693
In how many years will Rs. 1656000 amount to Rs. 2318400 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 = 662400. T = (662400 × 100)/(1656000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #694
A sum of Rs. 1665000 amounts to Rs. 2331000 in 4 years at simple interest. The rate is
A. 12%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 666000. R = (666000 × 100)/(1665000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #695
Simple interest on Rs. 1674000 for 3 years at 42% per annum is
A. Rs. 2112840
B. Rs. 2113240
C. Rs. 2112640
D. Rs. 2113040
Discuss
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Correct Answer: Option A

Explanation:
SI = (1674000 × 42 × 3)/100 = 2112840.
This question belongs to: Maths Simple Interest
Question #696
The rate at which Rs. 1683000 amounts to Rs. 2187900 in 3 years is
A. 8%
B. 12%
C. 9%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 504900. R = (504900 × 100)/(1683000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #697
Simple interest on Rs. 1692000 for 2 years at 45% per annum is
A. Rs. 1523200
B. Rs. 1523000
C. Rs. 1522800
D. Rs. 1522600
Discuss
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Correct Answer: Option C

Explanation:
SI = (1692000 × 45 × 2)/100 = 1522800.
This question belongs to: Maths Simple Interest
Question #698
The principal that gives Rs. 2116800 interest in 9 years at 16% SI is
A. Rs. 1468000
B. Rs. 1471000
C. Rs. 1470000
D. Rs. 1469000
Discuss
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Correct Answer: Option C

Explanation:
P = (2116800 × 100)/(16 × 9) = 1470000.
This question belongs to: Maths Simple Interest
Question #699
In how many years will Rs. 1701000 amount to Rs. 2381400 at 8% simple interest?
A. 5 years
B. 4 years
C. 7 years
D. 6 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 680400. T = (680400 × 100)/(1701000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #700
A sum of Rs. 1710000 amounts to Rs. 2394000 in 4 years at simple interest. The rate is
A. 10%
B. 9%
C. 12%
D. 8%
Discuss
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Correct Answer: Option A

Explanation:
SI = 684000. R = (684000 × 100)/(1710000 × 4) = 10%.
This question belongs to: Maths Simple Interest

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