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

Page 38 of 55
Question #741
In how many years will Rs. 2016000 amount to Rs. 2822400 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 = 806400. T = (806400 × 100)/(2016000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #742
A sum of Rs. 2025000 amounts to Rs. 2835000 in 4 years at simple interest. The rate is
A. 12%
B. 10%
C. 9%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 810000. R = (810000 × 100)/(2025000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #743
Simple interest on Rs. 2034000 for 3 years at 50% per annum is
A. Rs. 3050800
B. Rs. 3051000
C. Rs. 3051400
D. Rs. 3051200
Discuss
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Correct Answer: Option B

Explanation:
SI = (2034000 × 50 × 3)/100 = 3051000.
This question belongs to: Maths Simple Interest
Question #744
The rate at which Rs. 2043000 amounts to Rs. 2655900 in 3 years is
A. 10%
B. 9%
C. 8%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 612900. R = (612900 × 100)/(2043000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #745
Simple interest on Rs. 2052000 for 2 years at 53% per annum is
A. Rs. 2174920
B. Rs. 2175520
C. Rs. 2175320
D. Rs. 2175120
Discuss
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Correct Answer: Option D

Explanation:
SI = (2052000 × 53 × 2)/100 = 2175120.
This question belongs to: Maths Simple Interest
Question #746
The principal that gives Rs. 3528000 interest in 9 years at 18% SI is
A. Rs. 2176778
B. Rs. 2175778
C. Rs. 2178778
D. Rs. 2177778
Discuss
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Correct Answer: Option D

Explanation:
P = (3528000 × 100)/(18 × 9) = 2177778 approx adjusted.
This question belongs to: Maths Simple Interest
Question #747
In how many years will Rs. 2061000 amount to Rs. 2885400 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 = 824400. T = (824400 × 100)/(2061000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #748
A sum of Rs. 2070000 amounts to Rs. 2898000 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 = 828000. R = (828000 × 100)/(2070000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #749
Simple interest on Rs. 2079000 for 3 years at 51% per annum is
A. Rs. 3180870
B. Rs. 3180670
C. Rs. 3181070
D. Rs. 3181270
Discuss
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Correct Answer: Option A

Explanation:
SI = (2079000 × 51 × 3)/100 = 3180870.
This question belongs to: Maths Simple Interest
Question #750
The rate at which Rs. 2088000 amounts to Rs. 2714400 in 3 years is
A. 8%
B. 9%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 626400. R = (626400 × 100)/(2088000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #751
Simple interest on Rs. 2097000 for 2 years at 54% per annum is
A. Rs. 2264560
B. Rs. 2264760
C. Rs. 2264960
D. Rs. 2265160
Discuss
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Correct Answer: Option B

Explanation:
SI = (2097000 × 54 × 2)/100 = 2264760.
This question belongs to: Maths Simple Interest
Question #752
The principal that gives Rs. 3704400 interest in 8 years at 20% SI is
A. Rs. 2314250
B. Rs. 2315250
C. Rs. 2316250
D. Rs. 2313250
Discuss
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Correct Answer: Option B

Explanation:
P = (3704400 × 100)/(20 × 8) = 2315250.
This question belongs to: Maths Simple Interest
Question #753
In how many years will Rs. 2106000 amount to Rs. 2948400 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 = 842400. T = (842400 × 100)/(2106000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #754
A sum of Rs. 2115000 amounts to Rs. 2961000 in 4 years at simple interest. The rate is
A. 9%
B. 10%
C. 12%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 846000. R = (846000 × 100)/(2115000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #755
Simple interest on Rs. 2124000 for 3 years at 52% per annum is
A. Rs. 3313840
B. Rs. 3313440
C. Rs. 3313640
D. Rs. 3313240
Discuss
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Correct Answer: Option B

Explanation:
SI = (2124000 × 52 × 3)/100 = 3313440.
This question belongs to: Maths Simple Interest
Question #756
The rate at which Rs. 2133000 amounts to Rs. 2772900 in 3 years is
A. 10%
B. 8%
C. 12%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 639900. R = (639900 × 100)/(2133000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #757
Simple interest on Rs. 2142000 for 2 years at 55% per annum is
A. Rs. 2356600
B. Rs. 2356400
C. Rs. 2356000
D. Rs. 2356200
Discuss
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Correct Answer: Option D

Explanation:
SI = (2142000 × 55 × 2)/100 = 2356200.
This question belongs to: Maths Simple Interest
Question #758
The principal that gives Rs. 3880800 interest in 9 years at 18% SI is
A. Rs. 2398000
B. Rs. 2401000
C. Rs. 2399000
D. Rs. 2400000
Discuss
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Correct Answer: Option D

Explanation:
P = (3880800 × 100)/(18 × 9) = 2400000.
This question belongs to: Maths Simple Interest
Question #759
In how many years will Rs. 2151000 amount to Rs. 3011400 at 8% simple interest?
A. 7 years
B. 5 years
C. 6 years
D. 4 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 860400. T = (860400 × 100)/(2151000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #760
A sum of Rs. 2160000 amounts to Rs. 3024000 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 = 864000. R = (864000 × 100)/(2160000 × 4) = 10%.
This question belongs to: Maths Simple Interest

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