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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Practice Questions

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Question #921
In how many years will Rs. 3366000 amount to Rs. 4712400 at 8% simple interest?
A. 4 years
B. 5 years
C. 7 years
D. 6 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 1346400. T = (1346400 × 100)/(3366000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #922
A sum of Rs. 3375000 amounts to Rs. 4725000 in 4 years at simple interest. The rate is
A. 8%
B. 12%
C. 9%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 1350000. R = (1350000 × 100)/(3375000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #923
Simple interest on Rs. 3384000 for 3 years at 80% per annum is
A. Rs. 8121600
B. Rs. 8121800
C. Rs. 8121400
D. Rs. 8122000
Discuss
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Correct Answer: Option A

Explanation:
SI = (3384000 × 80 × 3)/100 = 8121600.
This question belongs to: Maths Simple Interest
Question #924
The rate at which Rs. 3393000 amounts to Rs. 4410900 in 3 years is
A. 10%
B. 12%
C. 9%
D. 8%
Discuss
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Correct Answer: Option A

Explanation:
SI = 1017900. R = (1017900 × 100)/(3393000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #925
Simple interest on Rs. 3402000 for 2 years at 83% per annum is
A. Rs. 5647520
B. Rs. 5647120
C. Rs. 5647320
D. Rs. 5647720
Discuss
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Correct Answer: Option C

Explanation:
SI = (3402000 × 83 × 2)/100 = 5647320.
This question belongs to: Maths Simple Interest
Question #926
The principal that gives Rs. 10454400 interest in 9 years at 29% SI is
A. Rs. 4000000
B. Rs. 3999000
C. Rs. 4001000
D. Rs. 3998000
Discuss
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Correct Answer: Option A

Explanation:
P = (10454400 × 100)/(29 × 9) = 4000000.
This question belongs to: Maths Simple Interest
Question #927
In how many years will Rs. 3411000 amount to Rs. 4775400 at 8% simple interest?
A. 5 years
B. 7 years
C. 4 years
D. 6 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 1364400. T = (1364400 × 100)/(3411000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #928
A sum of Rs. 3420000 amounts to Rs. 4788000 in 4 years at simple interest. The rate is
A. 12%
B. 8%
C. 9%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 1368000. R = (1368000 × 100)/(3420000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #929
Simple interest on Rs. 3429000 for 3 years at 81% per annum is
A. Rs. 8333470
B. Rs. 8333070
C. Rs. 8332870
D. Rs. 8333270
Discuss
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Correct Answer: Option B

Explanation:
SI = (3429000 × 81 × 3)/100 = 8333070.
This question belongs to: Maths Simple Interest
Question #930
The rate at which Rs. 3438000 amounts to Rs. 4469400 in 3 years is
A. 8%
B. 12%
C. 9%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 1031400. R = (1031400 × 100)/(3438000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #931
Simple interest on Rs. 3447000 for 2 years at 84% per annum is
A. Rs. 5791160
B. Rs. 5791360
C. Rs. 5790960
D. Rs. 5790760
Discuss
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Correct Answer: Option C

Explanation:
SI = (3447000 × 84 × 2)/100 = 5790960.
This question belongs to: Maths Simple Interest
Question #932
The principal that gives Rs. 10627200 interest in 8 years at 35% SI is
A. Rs. 3798000
B. Rs. 3800000
C. Rs. 3801000
D. Rs. 3799000
Discuss
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Correct Answer: Option B

Explanation:
P = (10627200 × 100)/(35 × 8) = 3800000.
This question belongs to: Maths Simple Interest
Question #933
In how many years will Rs. 3456000 amount to Rs. 4838400 at 8% simple interest?
A. 6 years
B. 4 years
C. 7 years
D. 5 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 1382400. T = (1382400 × 100)/(3456000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #934
A sum of Rs. 3465000 amounts to Rs. 4851000 in 4 years at simple interest. The rate is
A. 9%
B. 10%
C. 12%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 1386000. R = (1386000 × 100)/(3465000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #935
Simple interest on Rs. 3474000 for 3 years at 82% per annum is
A. Rs. 8549840
B. Rs. 8550040
C. Rs. 8549640
D. Rs. 8549440
Discuss
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Correct Answer: Option C

Explanation:
SI = (3474000 × 82 × 3)/100 = 8549640.
This question belongs to: Maths Simple Interest
Question #936
The rate at which Rs. 3483000 amounts to Rs. 4527900 in 3 years is
A. 9%
B. 10%
C. 8%
D. 12%
Discuss
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Correct Answer: Option B

Explanation:
SI = 1044900. R = (1044900 × 100)/(3483000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #937
Simple interest on Rs. 3492000 for 2 years at 85% per annum is
A. Rs. 5936400
B. Rs. 5936800
C. Rs. 5936200
D. Rs. 5936600
Discuss
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Correct Answer: Option A

Explanation:
SI = (3492000 × 85 × 2)/100 = 5936400.
This question belongs to: Maths Simple Interest
Question #938
The principal that gives Rs. 10936800 interest in 9 years at 30% SI is
A. Rs. 4038000
B. Rs. 4041000
C. Rs. 4039000
D. Rs. 4040000
Discuss
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Correct Answer: Option D

Explanation:
P = (10936800 × 100)/(30 × 9) = 4040000.
This question belongs to: Maths Simple Interest
Question #939
In how many years will Rs. 3501000 amount to Rs. 4901400 at 8% simple interest?
A. 4 years
B. 6 years
C. 5 years
D. 7 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 1400400. T = (1400400 × 100)/(3501000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #940
A sum of Rs. 3510000 amounts to Rs. 4914000 in 4 years at simple interest. The rate is
A. 9%
B. 8%
C. 10%
D. 12%
Discuss
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Correct Answer: Option C

Explanation:
SI = 1404000. R = (1404000 × 100)/(3510000 × 4) = 10%.
This question belongs to: Maths Simple Interest

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