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 #861
In how many years will Rs. 2916000 amount to Rs. 4082400 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 = 1166400. T = (1166400 × 100)/(2916000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #862
A sum of Rs. 2925000 amounts to Rs. 4095000 in 4 years at simple interest. The rate is
A. 10%
B. 12%
C. 9%
D. 8%
Discuss
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Correct Answer: Option A

Explanation:
SI = 1170000. R = (1170000 × 100)/(2925000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #863
Simple interest on Rs. 2934000 for 3 years at 70% per annum is
A. Rs. 6161800
B. Rs. 6161400
C. Rs. 6161200
D. Rs. 6161600
Discuss
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Correct Answer: Option B

Explanation:
SI = (2934000 × 70 × 3)/100 = 6161400.
This question belongs to: Maths Simple Interest
Question #864
The rate at which Rs. 2943000 amounts to Rs. 3825900 in 3 years is
A. 8%
B. 10%
C. 9%
D. 12%
Discuss
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Correct Answer: Option B

Explanation:
SI = 882900. R = (882900 × 100)/(2943000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #865
Simple interest on Rs. 2952000 for 2 years at 73% per annum is
A. Rs. 4312120
B. Rs. 4312320
C. Rs. 4312720
D. Rs. 4312520
Discuss
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Correct Answer: Option B

Explanation:
SI = (2952000 × 73 × 2)/100 = 4312320.
This question belongs to: Maths Simple Interest
Question #866
The principal that gives Rs. 7516800 interest in 9 years at 24% SI is
A. Rs. 3478000
B. Rs. 3480000
C. Rs. 3479000
D. Rs. 3481000
Discuss
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Correct Answer: Option B

Explanation:
P = (7516800 × 100)/(24 × 9) = 3480000.
This question belongs to: Maths Simple Interest
Question #867
In how many years will Rs. 2961000 amount to Rs. 4145400 at 8% simple interest?
A. 7 years
B. 6 years
C. 5 years
D. 4 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 1184400. T = (1184400 × 100)/(2961000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #868
A sum of Rs. 2970000 amounts to Rs. 4158000 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 = 1188000. R = (1188000 × 100)/(2970000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #869
Simple interest on Rs. 2979000 for 3 years at 71% per annum is
A. Rs. 6350570
B. Rs. 6350170
C. Rs. 6350370
D. Rs. 6350770
Discuss
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Correct Answer: Option C

Explanation:
SI = (2979000 × 71 × 3)/100 = 6350370.
This question belongs to: Maths Simple Interest
Question #870
The rate at which Rs. 2988000 amounts to Rs. 3884400 in 3 years is
A. 9%
B. 12%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 896400. R = (896400 × 100)/(2988000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #871
Simple interest on Rs. 2997000 for 2 years at 74% per annum is
A. Rs. 4435760
B. Rs. 4435360
C. Rs. 4435560
D. Rs. 4435960
Discuss
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Correct Answer: Option C

Explanation:
SI = (2997000 × 74 × 2)/100 = 4435560.
This question belongs to: Maths Simple Interest
Question #872
The principal that gives Rs. 7776000 interest in 8 years at 30% SI is
A. Rs. 3239000
B. Rs. 3238000
C. Rs. 3240000
D. Rs. 3241000
Discuss
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Correct Answer: Option C

Explanation:
P = (7776000 × 100)/(30 × 8) = 3240000.
This question belongs to: Maths Simple Interest
Question #873
In how many years will Rs. 3006000 amount to Rs. 4208400 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 = 1202400. T = (1202400 × 100)/(3006000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #874
A sum of Rs. 3015000 amounts to Rs. 4221000 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 = 1206000. R = (1206000 × 100)/(3015000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #875
Simple interest on Rs. 3024000 for 3 years at 72% per annum is
A. Rs. 6534160
B. Rs. 6533560
C. Rs. 6533960
D. Rs. 6533760
Discuss
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Correct Answer: Option D

Explanation:
SI = (3024000 × 72 × 3)/100 = 6533760.
This question belongs to: Maths Simple Interest
Question #876
The rate at which Rs. 3033000 amounts to Rs. 3942900 in 3 years is
A. 8%
B. 10%
C. 12%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
SI = 909900. R = (909900 × 100)/(3033000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #877
Simple interest on Rs. 3042000 for 2 years at 75% per annum is
A. Rs. 4563400
B. Rs. 4563000
C. Rs. 4563200
D. Rs. 4562800
Discuss
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Correct Answer: Option B

Explanation:
SI = (3042000 × 75 × 2)/100 = 4563000.
This question belongs to: Maths Simple Interest
Question #878
The principal that gives Rs. 8053200 interest in 9 years at 25% SI is
A. Rs. 3579000
B. Rs. 3578000
C. Rs. 3581000
D. Rs. 3580000
Discuss
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Correct Answer: Option D

Explanation:
P = (8053200 × 100)/(25 × 9) = 3580000.
This question belongs to: Maths Simple Interest
Question #879
In how many years will Rs. 3051000 amount to Rs. 4271400 at 8% simple interest?
A. 6 years
B. 5 years
C. 4 years
D. 7 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 1220400. T = (1220400 × 100)/(3051000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #880
A sum of Rs. 3060000 amounts to Rs. 4284000 in 4 years at simple interest. The rate is
A. 9%
B. 10%
C. 8%
D. 12%
Discuss
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Correct Answer: Option B

Explanation:
SI = 1224000. R = (1224000 × 100)/(3060000 × 4) = 10%.
This question belongs to: Maths Simple Interest

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