Simple Interest MCQs with Answers and Solutions for Competitive Exams

Question #821

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Simple interest on Rs. 2619000 for 3 years at 63% per annum is

A. Rs. 4951890

B. Rs. 4951690

C. Rs. 4952290

D. Rs. 4952090

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Correct Answer: Option A

Explanation:
SI = (2619000 × 63 × 3)/100 = 4951890.

This question belongs to: Maths Simple Interest

Question #822

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The rate at which Rs. 2628000 amounts to Rs. 3416400 in 3 years is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 788400. R = (788400 × 100)/(2628000 × 3) = 10%.

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Question #823

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Simple interest on Rs. 2637000 for 2 years at 66% per annum is

A. Rs. 3480640

B. Rs. 3481040

C. Rs. 3480840

D. Rs. 3481240

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Correct Answer: Option C

Explanation:
SI = (2637000 × 66 × 2)/100 = 3480840.

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Question #824

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The principal that gives Rs. 5832000 interest in 8 years at 26% SI is

A. Rs. 2798000

B. Rs. 2800000

C. Rs. 2801000

D. Rs. 2799000

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Correct Answer: Option B

Explanation:
P = (5832000 × 100)/(26 × 8) = 2800000.

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Question #825

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In how many years will Rs. 2646000 amount to Rs. 3704400 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 = 1058400. T = (1058400 × 100)/(2646000 × 8) = 5 years.

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Question #826

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A sum of Rs. 2655000 amounts to Rs. 3717000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1062000. R = (1062000 × 100)/(2655000 × 4) = 10%.

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Question #827

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Simple interest on Rs. 2664000 for 3 years at 64% per annum is

A. Rs. 5114880

B. Rs. 5115280

C. Rs. 5114680

D. Rs. 5115080

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Correct Answer: Option A

Explanation:
SI = (2664000 × 64 × 3)/100 = 5114880.

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Question #828

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The rate at which Rs. 2673000 amounts to Rs. 3474900 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 802000 approx adjusted 10%.

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Question #829

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Simple interest on Rs. 2682000 for 2 years at 67% per annum is

A. Rs. 3593680

B. Rs. 3594280

C. Rs. 3594080

D. Rs. 3593880

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Correct Answer: Option D

Explanation:
SI = (2682000 × 67 × 2)/100 = 3593880.

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Question #830

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The principal that gives Rs. 5918400 interest in 9 years at 22% SI is

A. Rs. 2998000

B. Rs. 2999000

C. Rs. 3000000

D. Rs. 3001000

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Correct Answer: Option C

Explanation:
P = (5918400 × 100)/(22 × 9) = 3000000.

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Question #831

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In how many years will Rs. 2691000 amount to Rs. 3767400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 1076400. T = (1076400 × 100)/(2691000 × 8) = 5 years.

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Question #832

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A sum of Rs. 2700000 amounts to Rs. 3780000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1080000. R = (1080000 × 100)/(2700000 × 4) = 10%.

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Question #833

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Simple interest on Rs. 2709000 for 3 years at 65% per annum is

A. Rs. 5279750

B. Rs. 5279350

C. Rs. 5279950

D. Rs. 5279550

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Correct Answer: Option D

Explanation:
SI = (2709000 × 65 × 3)/100 = 5279550.

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Question #834

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The rate at which Rs. 2718000 amounts to Rs. 3533400 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 815400. R = (815400 × 100)/(2718000 × 3) = 10%.

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Question #835

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Simple interest on Rs. 2727000 for 2 years at 68% per annum is

A. Rs. 3708720

B. Rs. 3709120

C. Rs. 3708520

D. Rs. 3708920

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Correct Answer: Option A

Explanation:
SI = (2727000 × 68 × 2)/100 = 3708720.

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Question #836

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The principal that gives Rs. 6199200 interest in 8 years at 27% SI is

A. Rs. 2860000

B. Rs. 2859000

C. Rs. 2858000

D. Rs. 2861000

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Correct Answer: Option A

Explanation:
P = (6199200 × 100)/(27 × 8) = 2860000.

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Question #837

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In how many years will Rs. 2736000 amount to Rs. 3830400 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 1094400. T = (1094400 × 100)/(2736000 × 8) = 5 years.

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Question #838

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A sum of Rs. 2745000 amounts to Rs. 3843000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 1098000. R = (1098000 × 100)/(2745000 × 4) = 10%.

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Question #839

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Simple interest on Rs. 2754000 for 3 years at 66% per annum is

A. Rs. 5452720

B. Rs. 5452920

C. Rs. 5453320

D. Rs. 5453120

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Correct Answer: Option B

Explanation:
SI = (2754000 × 66 × 3)/100 = 5452920.

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Question #840

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The rate at which Rs. 2763000 amounts to Rs. 3591900 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 828900. R = (828900 × 100)/(2763000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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