Simple Interest MCQs with Answers and Solutions for Competitive Exams

Question #781

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Simple interest on Rs. 2322000 for 2 years at 59% per annum is

A. Rs. 2740960

B. Rs. 2741160

C. Rs. 2741560

D. Rs. 2741360

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Correct Answer: Option B

Explanation:
SI = (2322000 × 59 × 2)/100 = 2741160.

This question belongs to: Maths Simple Interest

Question #782

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The principal that gives Rs. 4586400 interest in 9 years at 20% SI is

A. Rs. 2550000

B. Rs. 2549000

C. Rs. 2551000

D. Rs. 2548000

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Correct Answer: Option A

Explanation:
P = (4586400 × 100)/(20 × 9) = 2550000.

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Question #783

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In how many years will Rs. 2331000 amount to Rs. 3263400 at 8% simple interest?

A. 7 years

B. 4 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 932400. T = (932400 × 100)/(2331000 × 8) = 5 years.

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Question #784

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A sum of Rs. 2340000 amounts to Rs. 3276000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 936000. R = (936000 × 100)/(2340000 × 4) = 10%.

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Question #785

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Simple interest on Rs. 2349000 for 3 years at 57% per annum is

A. Rs. 4016430

B. Rs. 4016630

C. Rs. 4016830

D. Rs. 4016230

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Correct Answer: Option A

Explanation:
SI = (2349000 × 57 × 3)/100 = 4016430.

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Question #786

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The rate at which Rs. 2358000 amounts to Rs. 3065400 in 3 years is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 707400. R = (707400 × 100)/(2358000 × 3) = 10%.

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Question #787

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Simple interest on Rs. 2367000 for 2 years at 60% per annum is

A. Rs. 2840600

B. Rs. 2840400

C. Rs. 2840200

D. Rs. 2840800

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Correct Answer: Option B

Explanation:
SI = (2367000 × 60 × 2)/100 = 2840400.

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Question #788

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The principal that gives Rs. 4762800 interest in 8 years at 23% SI is

A. Rs. 2589000

B. Rs. 2591000

C. Rs. 2588000

D. Rs. 2590000

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Correct Answer: Option D

Explanation:
P = (4762800 × 100)/(23 × 8) = 2590000.

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Question #789

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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

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Correct Answer: Option C

Explanation:
SI = 950400. T = (950400 × 100)/(2376000 × 8) = 5 years.

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Question #790

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A sum of Rs. 2385000 amounts to Rs. 3339000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 954000. R = (954000 × 100)/(2385000 × 4) = 10%.

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Question #791

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Simple interest on Rs. 2394000 for 3 years at 58% per annum is

A. Rs. 4165760

B. Rs. 4165960

C. Rs. 4165560

D. Rs. 4165360

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Correct Answer: Option C

Explanation:
SI = (2394000 × 58 × 3)/100 = 4165560.

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Question #792

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The rate at which Rs. 2403000 amounts to Rs. 3123900 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 720900. R = (720900 × 100)/(2403000 × 3) = 10%.

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Question #793

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Simple interest on Rs. 2412000 for 2 years at 61% per annum is

A. Rs. 2943040

B. Rs. 2942640

C. Rs. 2942840

D. Rs. 2942440

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Correct Answer: Option B

Explanation:
SI = (2412000 × 61 × 2)/100 = 2942640.

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Question #794

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The principal that gives Rs. 4942800 interest in 9 years at 20% SI is

A. Rs. 2747000

B. Rs. 2744000

C. Rs. 2746000

D. Rs. 2745000

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Correct Answer: Option C

Explanation:
P = (4942800 × 100)/(20 × 9) = 2746000.

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Question #795

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In how many years will Rs. 2421000 amount to Rs. 3389400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 968400. T = (968400 × 100)/(2421000 × 8) = 5 years.

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Question #796

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A sum of Rs. 2430000 amounts to Rs. 3402000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 972000. R = (972000 × 100)/(2430000 × 4) = 10%.

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Question #797

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Simple interest on Rs. 2439000 for 3 years at 59% per annum is

A. Rs. 4314530

B. Rs. 4314330

C. Rs. 4314730

D. Rs. 4314130

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Correct Answer: Option B

Explanation:
SI = (2439000 × 59 × 3)/100 = 4314330.

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Question #798

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The rate at which Rs. 2448000 amounts to Rs. 3182400 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 734400. R = (734400 × 100)/(2448000 × 3) = 10%.

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Question #799

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Simple interest on Rs. 2457000 for 2 years at 62% per annum is

A. Rs. 3046480

B. Rs. 3046680

C. Rs. 3047080

D. Rs. 3046880

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Correct Answer: Option B

Explanation:
SI = (2457000 × 62 × 2)/100 = 3046680.

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Question #800

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The principal that gives Rs. 5124000 interest in 8 years at 24% SI is

A. Rs. 2669750

B. Rs. 2668750

C. Rs. 2666750

D. Rs. 2667750

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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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