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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Question #721
Simple interest on Rs. 1872000 for 2 years at 49% per annum is
A. Rs. 1834960
B. Rs. 1834760
C. Rs. 1834560
D. Rs. 1834360
Discuss
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Correct Answer: Option C

Explanation:
SI = (1872000 × 49 × 2)/100 = 1834560.
This question belongs to: Maths Simple Interest
Question #722
The principal that gives Rs. 2822400 interest in 9 years at 16% SI is
A. Rs. 1961000
B. Rs. 1958000
C. Rs. 1959000
D. Rs. 1960000
Discuss
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Correct Answer: Option D

Explanation:
P = (2822400 × 100)/(16 × 9) = 1960000.
This question belongs to: Maths Simple Interest
Question #723
In how many years will Rs. 1881000 amount to Rs. 2633400 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 = 752400. T = (752400 × 100)/(1881000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #724
A sum of Rs. 1890000 amounts to Rs. 2646000 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 = 756000. R = (756000 × 100)/(1890000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #725
Simple interest on Rs. 1899000 for 3 years at 47% per annum is
A. Rs. 2678270
B. Rs. 2677870
C. Rs. 2678470
D. Rs. 2678070
Discuss
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Correct Answer: Option D

Explanation:
SI = (1899000 × 47 × 3)/100 = 2678070.
This question belongs to: Maths Simple Interest
Question #726
The rate at which Rs. 1908000 amounts to Rs. 2480400 in 3 years is
A. 10%
B. 9%
C. 12%
D. 8%
Discuss
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Correct Answer: Option A

Explanation:
SI = 572400. R = (572400 × 100)/(1908000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #727
Simple interest on Rs. 1917000 for 2 years at 50% per annum is
A. Rs. 1916800
B. Rs. 1917400
C. Rs. 1917200
D. Rs. 1917000
Discuss
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Correct Answer: Option D

Explanation:
SI = (1917000 × 50 × 2)/100 = 1917000.
This question belongs to: Maths Simple Interest
Question #728
The principal that gives Rs. 2998800 interest in 8 years at 18% SI is
A. Rs. 2082500
B. Rs. 2081500
C. Rs. 2080500
D. Rs. 2083500
Discuss
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Correct Answer: Option A

Explanation:
P = (2998800 × 100)/(18 × 8) = 2082500.
This question belongs to: Maths Simple Interest
Question #729
In how many years will Rs. 1926000 amount to Rs. 2696400 at 8% simple interest?
A. 7 years
B. 5 years
C. 4 years
D. 6 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 770400. T = (770400 × 100)/(1926000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #730
A sum of Rs. 1935000 amounts to Rs. 2709000 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 = 774000. R = (774000 × 100)/(1935000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #731
Simple interest on Rs. 1944000 for 3 years at 48% per annum is
A. Rs. 2799760
B. Rs. 2799160
C. Rs. 2799560
D. Rs. 2799360
Discuss
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Correct Answer: Option D

Explanation:
SI = (1944000 × 48 × 3)/100 = 2799360.
This question belongs to: Maths Simple Interest
Question #732
The rate at which Rs. 1953000 amounts to Rs. 2538900 in 3 years is
A. 12%
B. 10%
C. 9%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 585900. R = (585900 × 100)/(1953000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #733
Simple interest on Rs. 1962000 for 2 years at 51% per annum is
A. Rs. 2001040
B. Rs. 2001240
C. Rs. 2001440
D. Rs. 2001640
Discuss
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Correct Answer: Option B

Explanation:
SI = (1962000 × 51 × 2)/100 = 2001240.
This question belongs to: Maths Simple Interest
Question #734
The principal that gives Rs. 3175200 interest in 9 years at 17% SI is
A. Rs. 2076000
B. Rs. 2074000
C. Rs. 2077000
D. Rs. 2075000
Discuss
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Correct Answer: Option A

Explanation:
P = (3175200 × 100)/(17 × 9) = 2076000.
This question belongs to: Maths Simple Interest
Question #735
In how many years will Rs. 1971000 amount to Rs. 2759400 at 8% simple interest?
A. 5 years
B. 4 years
C. 6 years
D. 7 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 788400. T = (788400 × 100)/(1971000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #736
A sum of Rs. 1980000 amounts to Rs. 2772000 in 4 years at simple interest. The rate is
A. 8%
B. 9%
C. 10%
D. 12%
Discuss
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Correct Answer: Option C

Explanation:
SI = 792000. R = (792000 × 100)/(1980000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #737
Simple interest on Rs. 1989000 for 3 years at 49% per annum is
A. Rs. 2924630
B. Rs. 2924830
C. Rs. 2924430
D. Rs. 2924230
Discuss
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Correct Answer: Option C

Explanation:
SI = (1989000 × 49 × 3)/100 = 2924430.
This question belongs to: Maths Simple Interest
Question #738
The rate at which Rs. 1998000 amounts to Rs. 2597400 in 3 years is
A. 12%
B. 9%
C. 10%
D. 8%
Discuss
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Correct Answer: Option C

Explanation:
SI = 599400. R = (599400 × 100)/(1998000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #739
Simple interest on Rs. 2007000 for 2 years at 52% per annum is
A. Rs. 2087480
B. Rs. 2087080
C. Rs. 2087280
D. Rs. 2087680
Discuss
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Correct Answer: Option C

Explanation:
SI = (2007000 × 52 × 2)/100 = 2087280.
This question belongs to: Maths Simple Interest
Question #740
The principal that gives Rs. 3351600 interest in 8 years at 19% SI is
A. Rs. 2203000
B. Rs. 2206000
C. Rs. 2204000
D. Rs. 2205000
Discuss
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Correct Answer: Option D

Explanation:
P = (3351600 × 100)/(19 × 8) = 2205000.
This question belongs to: Maths Simple Interest

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