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 #781
Simple interest on Rs. 2322000 for 2 years at 59% per annum is
A. Rs. 2740960
B. Rs. 2741360
C. Rs. 2741160
D. Rs. 2741560
Discuss
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Correct Answer: Option C

Explanation:
SI = (2322000 × 59 × 2)/100 = 2741160.
This question belongs to: Maths Simple Interest
Question #782
The principal that gives Rs. 4586400 interest in 9 years at 20% SI is
A. Rs. 2550000
B. Rs. 2551000
C. Rs. 2548000
D. Rs. 2549000
Discuss
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Correct Answer: Option A

Explanation:
P = (4586400 × 100)/(20 × 9) = 2550000.
This question belongs to: Maths Simple Interest
Question #783
In how many years will Rs. 2331000 amount to Rs. 3263400 at 8% simple interest?
A. 4 years
B. 7 years
C. 6 years
D. 5 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 932400. T = (932400 × 100)/(2331000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #784
A sum of Rs. 2340000 amounts to Rs. 3276000 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 = 936000. R = (936000 × 100)/(2340000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #785
Simple interest on Rs. 2349000 for 3 years at 57% per annum is
A. Rs. 4016830
B. Rs. 4016630
C. Rs. 4016230
D. Rs. 4016430
Discuss
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Correct Answer: Option D

Explanation:
SI = (2349000 × 57 × 3)/100 = 4016430.
This question belongs to: Maths Simple Interest
Question #786
The rate at which Rs. 2358000 amounts to Rs. 3065400 in 3 years is
A. 12%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 707400. R = (707400 × 100)/(2358000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #787
Simple interest on Rs. 2367000 for 2 years at 60% per annum is
A. Rs. 2840400
B. Rs. 2840200
C. Rs. 2840600
D. Rs. 2840800
Discuss
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Correct Answer: Option A

Explanation:
SI = (2367000 × 60 × 2)/100 = 2840400.
This question belongs to: Maths Simple Interest
Question #788
The principal that gives Rs. 4762800 interest in 8 years at 23% SI is
A. Rs. 2588000
B. Rs. 2590000
C. Rs. 2589000
D. Rs. 2591000
Discuss
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Correct Answer: Option B

Explanation:
P = (4762800 × 100)/(23 × 8) = 2590000.
This question belongs to: Maths Simple Interest
Question #789
In how many years will Rs. 2376000 amount to Rs. 3326400 at 8% simple interest?
A. 7 years
B. 4 years
C. 5 years
D. 6 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 950400. T = (950400 × 100)/(2376000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #790
A sum of Rs. 2385000 amounts to Rs. 3339000 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 = 954000. R = (954000 × 100)/(2385000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #791
Simple interest on Rs. 2394000 for 3 years at 58% per annum is
A. Rs. 4165960
B. Rs. 4165360
C. Rs. 4165560
D. Rs. 4165760
Discuss
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Correct Answer: Option C

Explanation:
SI = (2394000 × 58 × 3)/100 = 4165560.
This question belongs to: Maths Simple Interest
Question #792
The rate at which Rs. 2403000 amounts to Rs. 3123900 in 3 years is
A. 10%
B. 9%
C. 8%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 720900. R = (720900 × 100)/(2403000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #793
Simple interest on Rs. 2412000 for 2 years at 61% per annum is
A. Rs. 2943040
B. Rs. 2942840
C. Rs. 2942440
D. Rs. 2942640
Discuss
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Correct Answer: Option D

Explanation:
SI = (2412000 × 61 × 2)/100 = 2942640.
This question belongs to: Maths Simple Interest
Question #794
The principal that gives Rs. 4942800 interest in 9 years at 20% SI is
A. Rs. 2745000
B. Rs. 2746000
C. Rs. 2747000
D. Rs. 2744000
Discuss
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Correct Answer: Option B

Explanation:
P = (4942800 × 100)/(20 × 9) = 2746000.
This question belongs to: Maths Simple Interest
Question #795
In how many years will Rs. 2421000 amount to Rs. 3389400 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 = 968400. T = (968400 × 100)/(2421000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #796
A sum of Rs. 2430000 amounts to Rs. 3402000 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 = 972000. R = (972000 × 100)/(2430000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #797
Simple interest on Rs. 2439000 for 3 years at 59% per annum is
A. Rs. 4314530
B. Rs. 4314730
C. Rs. 4314330
D. Rs. 4314130
Discuss
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Correct Answer: Option C

Explanation:
SI = (2439000 × 59 × 3)/100 = 4314330.
This question belongs to: Maths Simple Interest
Question #798
The rate at which Rs. 2448000 amounts to Rs. 3182400 in 3 years is
A. 9%
B. 12%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 734400. R = (734400 × 100)/(2448000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #799
Simple interest on Rs. 2457000 for 2 years at 62% per annum is
A. Rs. 3046880
B. Rs. 3047080
C. Rs. 3046680
D. Rs. 3046480
Discuss
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Correct Answer: Option C

Explanation:
SI = (2457000 × 62 × 2)/100 = 3046680.
This question belongs to: Maths Simple Interest
Question #800
The principal that gives Rs. 5124000 interest in 8 years at 24% SI is
A. Rs. 2667750
B. Rs. 2668750
C. Rs. 2669750
D. Rs. 2666750
Discuss
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Correct Answer: Option B

Explanation:
P = (5124000 × 100)/(24 × 8) = 2668750.
This question belongs to: Maths Simple Interest

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