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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Page 42 of 55
Question #821
Simple interest on Rs. 2619000 for 3 years at 63% per annum is
A. Rs. 4952090
B. Rs. 4951690
C. Rs. 4952290
D. Rs. 4951890
Discuss
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Correct Answer: Option D

Explanation:
SI = (2619000 × 63 × 3)/100 = 4951890.
This question belongs to: Maths Simple Interest
Question #822
The rate at which Rs. 2628000 amounts to Rs. 3416400 in 3 years is
A. 9%
B. 8%
C. 10%
D. 12%
Discuss
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Correct Answer: Option C

Explanation:
SI = 788400. R = (788400 × 100)/(2628000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #823
Simple interest on Rs. 2637000 for 2 years at 66% per annum is
A. Rs. 3480840
B. Rs. 3481040
C. Rs. 3480640
D. Rs. 3481240
Discuss
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Correct Answer: Option A

Explanation:
SI = (2637000 × 66 × 2)/100 = 3480840.
This question belongs to: Maths Simple Interest
Question #824
The principal that gives Rs. 5832000 interest in 8 years at 26% SI is
A. Rs. 2798000
B. Rs. 2799000
C. Rs. 2800000
D. Rs. 2801000
Discuss
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Correct Answer: Option C

Explanation:
P = (5832000 × 100)/(26 × 8) = 2800000.
This question belongs to: Maths Simple Interest
Question #825
In how many years will Rs. 2646000 amount to Rs. 3704400 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 = 1058400. T = (1058400 × 100)/(2646000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #826
A sum of Rs. 2655000 amounts to Rs. 3717000 in 4 years at simple interest. The rate is
A. 12%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 1062000. R = (1062000 × 100)/(2655000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #827
Simple interest on Rs. 2664000 for 3 years at 64% per annum is
A. Rs. 5115280
B. Rs. 5114680
C. Rs. 5114880
D. Rs. 5115080
Discuss
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Correct Answer: Option C

Explanation:
SI = (2664000 × 64 × 3)/100 = 5114880.
This question belongs to: Maths Simple Interest
Question #828
The rate at which Rs. 2673000 amounts to Rs. 3474900 in 3 years is
A. 9%
B. 10%
C. 12%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 802000 approx adjusted 10%.
This question belongs to: Maths Simple Interest
Question #829
Simple interest on Rs. 2682000 for 2 years at 67% per annum is
A. Rs. 3594280
B. Rs. 3593880
C. Rs. 3594080
D. Rs. 3593680
Discuss
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Correct Answer: Option B

Explanation:
SI = (2682000 × 67 × 2)/100 = 3593880.
This question belongs to: Maths Simple Interest
Question #830
The principal that gives Rs. 5918400 interest in 9 years at 22% SI is
A. Rs. 2999000
B. Rs. 2998000
C. Rs. 3001000
D. Rs. 3000000
Discuss
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Correct Answer: Option D

Explanation:
P = (5918400 × 100)/(22 × 9) = 3000000.
This question belongs to: Maths Simple Interest
Question #831
In how many years will Rs. 2691000 amount to Rs. 3767400 at 8% simple interest?
A. 4 years
B. 6 years
C. 7 years
D. 5 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 1076400. T = (1076400 × 100)/(2691000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #832
A sum of Rs. 2700000 amounts to Rs. 3780000 in 4 years at simple interest. The rate is
A. 9%
B. 8%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 1080000. R = (1080000 × 100)/(2700000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #833
Simple interest on Rs. 2709000 for 3 years at 65% per annum is
A. Rs. 5279950
B. Rs. 5279350
C. Rs. 5279750
D. Rs. 5279550
Discuss
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Correct Answer: Option D

Explanation:
SI = (2709000 × 65 × 3)/100 = 5279550.
This question belongs to: Maths Simple Interest
Question #834
The rate at which Rs. 2718000 amounts to Rs. 3533400 in 3 years is
A. 8%
B. 12%
C. 10%
D. 9%
Discuss
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Correct Answer: Option C

Explanation:
SI = 815400. R = (815400 × 100)/(2718000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #835
Simple interest on Rs. 2727000 for 2 years at 68% per annum is
A. Rs. 3708920
B. Rs. 3708520
C. Rs. 3709120
D. Rs. 3708720
Discuss
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Correct Answer: Option D

Explanation:
SI = (2727000 × 68 × 2)/100 = 3708720.
This question belongs to: Maths Simple Interest
Question #836
The principal that gives Rs. 6199200 interest in 8 years at 27% SI is
A. Rs. 2859000
B. Rs. 2860000
C. Rs. 2861000
D. Rs. 2858000
Discuss
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Correct Answer: Option B

Explanation:
P = (6199200 × 100)/(27 × 8) = 2860000.
This question belongs to: Maths Simple Interest
Question #837
In how many years will Rs. 2736000 amount to Rs. 3830400 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 = 1094400. T = (1094400 × 100)/(2736000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #838
A sum of Rs. 2745000 amounts to Rs. 3843000 in 4 years at simple interest. The rate is
A. 10%
B. 9%
C. 12%
D. 8%
Discuss
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Correct Answer: Option A

Explanation:
SI = 1098000. R = (1098000 × 100)/(2745000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #839
Simple interest on Rs. 2754000 for 3 years at 66% per annum is
A. Rs. 5453120
B. Rs. 5453320
C. Rs. 5452920
D. Rs. 5452720
Discuss
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Correct Answer: Option C

Explanation:
SI = (2754000 × 66 × 3)/100 = 5452920.
This question belongs to: Maths Simple Interest
Question #840
The rate at which Rs. 2763000 amounts to Rs. 3591900 in 3 years is
A. 10%
B. 12%
C. 8%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 828900. R = (828900 × 100)/(2763000 × 3) = 10%.
This question belongs to: Maths Simple Interest

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