Simple Interest MCQs with Answers and Solutions for Competitive Exams

Question #841

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Simple interest on Rs. 2772000 for 2 years at 69% per annum is

A. Rs. 3825360

B. Rs. 3825760

C. Rs. 3825560

D. Rs. 3825160

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Correct Answer: Option A

Explanation:
SI = (2772000 × 69 × 2)/100 = 3825360.

This question belongs to: Maths Simple Interest

Question #842

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The principal that gives Rs. 6476400 interest in 9 years at 23% SI is

A. Rs. 3120000

B. Rs. 3118000

C. Rs. 3119000

D. Rs. 3121000

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Correct Answer: Option A

Explanation:
P = (6476400 × 100)/(23 × 9) = 3120000.

This question belongs to: Maths Simple Interest

Question #843

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In how many years will Rs. 2781000 amount to Rs. 3893400 at 8% simple interest?

A. 5 years

B. 6 years

C. 4 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 1112400. T = (1112400 × 100)/(2781000 × 8) = 5 years.

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Question #844

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A sum of Rs. 2790000 amounts to Rs. 3906000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1116000. R = (1116000 × 100)/(2790000 × 4) = 10%.

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Question #845

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Simple interest on Rs. 2799000 for 3 years at 67% per annum is

A. Rs. 5629130

B. Rs. 5628730

C. Rs. 5629330

D. Rs. 5628930

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Correct Answer: Option D

Explanation:
SI = (2799000 × 67 × 3)/100 = 5628930.

This question belongs to: Maths Simple Interest

Question #846

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The rate at which Rs. 2808000 amounts to Rs. 3650400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 842400. R = (842400 × 100)/(2808000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #847

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Simple interest on Rs. 2817000 for 2 years at 70% per annum is

A. Rs. 3943600

B. Rs. 3944000

C. Rs. 3943800

D. Rs. 3944200

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Correct Answer: Option C

Explanation:
SI = (2817000 × 70 × 2)/100 = 3943800.

This question belongs to: Maths Simple Interest

Question #848

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The principal that gives Rs. 6710400 interest in 8 years at 28% SI is

A. Rs. 3000000

B. Rs. 3001000

C. Rs. 2999000

D. Rs. 2998000

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Correct Answer: Option A

Explanation:
P = (6710400 × 100)/(28 × 8) = 3000000.

This question belongs to: Maths Simple Interest

Question #849

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In how many years will Rs. 2826000 amount to Rs. 3956400 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 = 1130400. T = (1130400 × 100)/(2826000 × 8) = 5 years.

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Question #850

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A sum of Rs. 2835000 amounts to Rs. 3969000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1134000. R = (1134000 × 100)/(2835000 × 4) = 10%.

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Question #851

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Simple interest on Rs. 2844000 for 3 years at 68% per annum is

A. Rs. 5801760

B. Rs. 5802160

C. Rs. 5801960

D. Rs. 5801560

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Correct Answer: Option A

Explanation:
SI = (2844000 × 68 × 3)/100 = 5801760.

This question belongs to: Maths Simple Interest

Question #852

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The rate at which Rs. 2853000 amounts to Rs. 3708900 in 3 years is

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 855900. R = (855900 × 100)/(2853000 × 3) = 10%.

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Question #853

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Simple interest on Rs. 2862000 for 2 years at 71% per annum is

A. Rs. 4065240

B. Rs. 4065040

C. Rs. 4065440

D. Rs. 4065640

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Correct Answer: Option A

Explanation:
SI = (2862000 × 71 × 2)/100 = 4065240.

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Question #854

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The principal that gives Rs. 6980400 interest in 9 years at 23% SI is

A. Rs. 3358000

B. Rs. 3360000

C. Rs. 3361000

D. Rs. 3359000

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Correct Answer: Option B

Explanation:
P = (6980400 × 100)/(23 × 9) = 3360000.

This question belongs to: Maths Simple Interest

Question #855

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In how many years will Rs. 2871000 amount to Rs. 4019400 at 8% simple interest?

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 1148400. T = (1148400 × 100)/(2871000 × 8) = 5 years.

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Question #856

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A sum of Rs. 2880000 amounts to Rs. 4032000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1152000. R = (1152000 × 100)/(2880000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #857

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Simple interest on Rs. 2889000 for 3 years at 69% per annum is

A. Rs. 5982430

B. Rs. 5982030

C. Rs. 5981830

D. Rs. 5982230

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Correct Answer: Option B

Explanation:
SI = (2889000 × 69 × 3)/100 = 5982030.

This question belongs to: Maths Simple Interest

Question #858

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The rate at which Rs. 2898000 amounts to Rs. 3767400 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 869400. R = (869400 × 100)/(2898000 × 3) = 10%.

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Question #859

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Simple interest on Rs. 2907000 for 2 years at 72% per annum is

A. Rs. 4186080

B. Rs. 4185880

C. Rs. 4186480

D. Rs. 4186280

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Correct Answer: Option A

Explanation:
SI = (2907000 × 72 × 2)/100 = 4186080.

This question belongs to: Maths Simple Interest

Question #860

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The principal that gives Rs. 7243200 interest in 8 years at 29% SI is

A. Rs. 3121000

B. Rs. 3120000

C. Rs. 3119000

D. Rs. 3118000

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Correct Answer: Option B

Explanation:
P = (7243200 × 100)/(29 × 8) = 3120000.

This question belongs to: Maths Simple Interest

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