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

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Question #61
SI on Rs. 15000 for 5 years at 7% is
A. Rs. 5050
B. Rs. 5650
C. Rs. 5250
D. Rs. 5450
Discuss
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Correct Answer: Option C

Explanation:
SI = (15000 * 7 * 5)/100 = 5250.
This question belongs to: Maths Simple Interest
Question #62
Principal for SI Rs. 3600 in 4 years at 9%
A. Rs. 8000
B. Rs. 11000
C. Rs. 9000
D. Rs. 10000
Discuss
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Correct Answer: Option D

Explanation:
P = (3600 * 100)/(9 * 4) = 10000.
This question belongs to: Maths Simple Interest
Question #63
A sum amounts to Rs. 15600 in 3 years at 8% SI. Principal
A. Rs. 12000
B. Rs. 13000
C. Rs. 12500
D. Rs. 11000
Discuss
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Correct Answer: Option A

Explanation:
SI = 3600. P = 15600 - 3600 = 12000.
This question belongs to: Maths Simple Interest
Question #64
Rate of SI if principal Rs. 28000 gives Rs. 6720 in 3 years
A. 10%
B. 6%
C. 7%
D. 8%
Discuss
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Correct Answer: Option D

Explanation:
R = (6720 * 100)/(28000 * 3) = 8%.
This question belongs to: Maths Simple Interest
Question #65
Years for Rs. 22000 to give Rs. 6600 interest at 5% SI
A. 5 years
B. 6 years
C. 7 years
D. 4 years
Discuss
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Correct Answer: Option B

Explanation:
T = (6600 * 100)/(22000 * 5) = 6 years.
This question belongs to: Maths Simple Interest
Question #66
Simple interest on Rs. 16500 for 4 years at 10%
A. Rs. 6600
B. Rs. 6400
C. Rs. 7000
D. Rs. 6800
Discuss
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Correct Answer: Option A

Explanation:
SI = (16500 * 10 * 4)/100 = 6600.
This question belongs to: Maths Simple Interest
Question #67
The sum that amounts to Rs. 20400 in 5 years at 6% SI
A. Rs. 14600
B. Rs. 15600
C. Rs. 16600
D. Rs. 13600
Discuss
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Correct Answer: Option B

Explanation:
SI = 4800. P = 20400 - 4800 = 15600.
This question belongs to: Maths Simple Interest
Question #68
Rate percent when Rs. 30000 becomes Rs. 39000 in 3 years SI
A. 9%
B. 10%
C. 12%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 9000. R = (9000 * 100)/(30000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #69
Time in years for Rs. 24000 at 7% to amount Rs. 31080
A. 4 years
B. 6 years
C. 5 years
D. 3 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 7080. T = (7080 * 100)/(24000 * 7) = 4 years.
This question belongs to: Maths Simple Interest
Question #70
SI on Rs. 42000 for 2 years at 5%
A. Rs. 4200
B. Rs. 4000
C. Rs. 4600
D. Rs. 4400
Discuss
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Correct Answer: Option A

Explanation:
SI = (42000 * 5 * 2)/100 = 4200.
This question belongs to: Maths Simple Interest
Question #71
Principal giving Rs. 9450 SI in 7 years at 9%
A. Rs. 15000
B. Rs. 13000
C. Rs. 14000
D. Rs. 16000
Discuss
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Correct Answer: Option A

Explanation:
P = (9450 * 100)/(9 * 7) = 15000.
This question belongs to: Maths Simple Interest
Question #72
A sum at 12% SI for 5 years gives Rs. 7200 interest. Sum
A. Rs. 12000
B. Rs. 11000
C. Rs. 10000
D. Rs. 13000
Discuss
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Correct Answer: Option A

Explanation:
P = (7200 * 100)/(12 * 5) = 12000.
This question belongs to: Maths Simple Interest
Question #73
Amount after 6 years on Rs. 25000 at 8% SI
A. Rs. 37000
B. Rs. 38000
C. Rs. 35000
D. Rs. 36000
Discuss
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Correct Answer: Option A

Explanation:
SI = 12000. Amount = 37000.
This question belongs to: Maths Simple Interest
Question #74
Rate for Rs. 35000 to become Rs. 45500 in 4 years SI
A. 9%
B. 7.5%
C. 8%
D. 6%
Discuss
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Correct Answer: Option B

Explanation:
SI = 10500. R = (10500 * 100)/(35000 * 4) = 7.5%.
This question belongs to: Maths Simple Interest
Question #75
Years Rs. 28000 at 10% SI to give Rs. 8400 interest
A. 5 years
B. 3 years
C. 4 years
D. 2 years
Discuss
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Correct Answer: Option B

Explanation:
T = (8400 * 100)/(28000 * 10) = 3 years.
This question belongs to: Maths Simple Interest
Question #76
Simple interest Rs. 19600 for 3 years at 8%
A. Rs. 5104
B. Rs. 4704
C. Rs. 4904
D. Rs. 4504
Discuss
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Correct Answer: Option B

Explanation:
SI = (19600 * 8 * 3)/100 = 4704.
This question belongs to: Maths Simple Interest
Question #77
Principal for Rs. 10800 interest in 6 years at 6%
A. Rs. 30000
B. Rs. 31000
C. Rs. 29000
D. Rs. 28000
Discuss
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Correct Answer: Option A

Explanation:
P = (10800 * 100)/(6 * 6) = 30000.
This question belongs to: Maths Simple Interest
Question #78
A sum amounts to Rs. 26600 in 4 years at 9% SI. Principal
A. Rs. 18000
B. Rs. 19000
C. Rs. 20000
D. Rs. 21000
Discuss
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Correct Answer: Option C

Explanation:
SI = 6600. P = 26600 - 6600 = 20000.
This question belongs to: Maths Simple Interest
Question #79
Rate if Rs. 45000 gives Rs. 13500 SI in 5 years
A. 7%
B. 6%
C. 5%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
R = (13500 * 100)/(45000 * 5) = 6%.
This question belongs to: Maths Simple Interest
Question #80
Time for Rs. 36000 at 5% to amount Rs. 46800
A. 7 years
B. 5 years
C. 4 years
D. 6 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 10800. T = (10800 * 100)/(36000 * 5) = 6 years.
This question belongs to: Maths Simple Interest

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