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 #761
Simple interest on Rs. 2169000 for 3 years at 53% per annum is
A. Rs. 3448870
B. Rs. 3449470
C. Rs. 3449270
D. Rs. 3449070
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Correct Answer: Option D

Explanation:
SI = (2169000 × 53 × 3)/100 = 3449070.
This question belongs to: Maths Simple Interest
Question #762
The rate at which Rs. 2178000 amounts to Rs. 2831400 in 3 years is
A. 9%
B. 12%
C. 10%
D. 8%
Discuss
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Correct Answer: Option C

Explanation:
SI = 653400. R = (653400 × 100)/(2178000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #763
Simple interest on Rs. 2187000 for 2 years at 56% per annum is
A. Rs. 2449640
B. Rs. 2449840
C. Rs. 2449440
D. Rs. 2449240
Discuss
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Correct Answer: Option C

Explanation:
SI = (2187000 × 56 × 2)/100 = 2449440.
This question belongs to: Maths Simple Interest
Question #764
The principal that gives Rs. 4057200 interest in 8 years at 21% SI is
A. Rs. 2414000
B. Rs. 2413000
C. Rs. 2416000
D. Rs. 2415000
Discuss
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Correct Answer: Option D

Explanation:
P = (4057200 × 100)/(21 × 8) = 2415000.
This question belongs to: Maths Simple Interest
Question #765
In how many years will Rs. 2196000 amount to Rs. 3074400 at 8% simple interest?
A. 5 years
B. 7 years
C. 6 years
D. 4 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 878400. T = (878400 × 100)/(2196000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #766
A sum of Rs. 2205000 amounts to Rs. 3087000 in 4 years at simple interest. The rate is
A. 10%
B. 8%
C. 9%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 882000. R = (882000 × 100)/(2205000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #767
Simple interest on Rs. 2214000 for 3 years at 54% per annum is
A. Rs. 3586880
B. Rs. 3586480
C. Rs. 3586680
D. Rs. 3587080
Discuss
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Correct Answer: Option C

Explanation:
SI = (2214000 × 54 × 3)/100 = 3586680.
This question belongs to: Maths Simple Interest
Question #768
The rate at which Rs. 2223000 amounts to Rs. 2890000 approx in 3 years is adjusted to exact 10%
A. 12%
B. 10%
C. 9%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 667000 approx, R = 10%.
This question belongs to: Maths Simple Interest
Question #769
Simple interest on Rs. 2232000 for 2 years at 57% per annum is
A. Rs. 2544880
B. Rs. 2544480
C. Rs. 2544680
D. Rs. 2544280
Discuss
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Correct Answer: Option B

Explanation:
SI = (2232000 × 57 × 2)/100 = 2544480.
This question belongs to: Maths Simple Interest
Question #770
The principal that gives Rs. 4233600 interest in 9 years at 19% SI is
A. Rs. 2478000
B. Rs. 2479000
C. Rs. 2481000
D. Rs. 2480000
Discuss
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Correct Answer: Option D

Explanation:
P = (4233600 × 100)/(19 × 9) = 2480000.
This question belongs to: Maths Simple Interest
Question #771
In how many years will Rs. 2241000 amount to Rs. 3137400 at 8% simple interest?
A. 5 years
B. 7 years
C. 6 years
D. 4 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 896400. T = (896400 × 100)/(2241000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #772
A sum of Rs. 2250000 amounts to Rs. 3150000 in 4 years at simple interest. The rate is
A. 12%
B. 8%
C. 10%
D. 9%
Discuss
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Correct Answer: Option C

Explanation:
SI = 900000. R = (900000 × 100)/(2250000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #773
Simple interest on Rs. 2259000 for 3 years at 55% per annum is
A. Rs. 3727550
B. Rs. 3727350
C. Rs. 3727150
D. Rs. 3727750
Discuss
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Correct Answer: Option B

Explanation:
SI = (2259000 × 55 × 3)/100 = 3727350.
This question belongs to: Maths Simple Interest
Question #774
The rate at which Rs. 2268000 amounts to Rs. 2948400 in 3 years is
A. 10%
B. 12%
C. 8%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 680400. R = (680400 × 100)/(2268000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #775
Simple interest on Rs. 2277000 for 2 years at 58% per annum is
A. Rs. 2641720
B. Rs. 2641320
C. Rs. 2641520
D. Rs. 2641120
Discuss
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Correct Answer: Option B

Explanation:
SI = (2277000 × 58 × 2)/100 = 2641320.
This question belongs to: Maths Simple Interest
Question #776
The principal that gives Rs. 4410000 interest in 8 years at 22% SI is
A. Rs. 2499000
B. Rs. 2500000
C. Rs. 2501000
D. Rs. 2498000
Discuss
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Correct Answer: Option B

Explanation:
P = (4410000 × 100)/(22 × 8) = 2500000.
This question belongs to: Maths Simple Interest
Question #777
In how many years will Rs. 2286000 amount to Rs. 3200400 at 8% simple interest?
A. 4 years
B. 6 years
C. 5 years
D. 7 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 914400. T = (914400 × 100)/(2286000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #778
A sum of Rs. 2295000 amounts to Rs. 3213000 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 = 918000. R = (918000 × 100)/(2295000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #779
Simple interest on Rs. 2304000 for 3 years at 56% per annum is
A. Rs. 3870520
B. Rs. 3870720
C. Rs. 3870920
D. Rs. 3871120
Discuss
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Correct Answer: Option B

Explanation:
SI = (2304000 × 56 × 3)/100 = 3870720.
This question belongs to: Maths Simple Interest
Question #780
The rate at which Rs. 2313000 amounts to Rs. 3006900 in 3 years is
A. 12%
B. 10%
C. 9%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 693900. R = (693900 × 100)/(2313000 × 3) = 10%.
This question belongs to: Maths Simple Interest

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