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

Page 48 of 55
Question #941
Simple interest on Rs. 3519000 for 3 years at 83% per annum is
A. Rs. 8765570
B. Rs. 8765370
C. Rs. 8765170
D. Rs. 8765770
Discuss
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Correct Answer: Option B

Explanation:
SI = (3519000 × 83 × 3)/100 = 8765370.
This question belongs to: Maths Simple Interest
Question #942
The rate at which Rs. 3528000 amounts to Rs. 4586400 in 3 years is
A. 12%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 1058400. R = (1058400 × 100)/(3528000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #943
Simple interest on Rs. 3537000 for 2 years at 86% per annum is
A. Rs. 6088240
B. Rs. 6088440
C. Rs. 6088840
D. Rs. 6088640
Discuss
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Correct Answer: Option B

Explanation:
SI = (3537000 × 86 × 2)/100 = 6088440.
This question belongs to: Maths Simple Interest
Question #944
The principal that gives Rs. 11217600 interest in 8 years at 36% SI is
A. Rs. 3886500
B. Rs. 3885500
C. Rs. 3888500
D. Rs. 3887500
Discuss
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Correct Answer: Option D

Explanation:
P = (11217600 × 100)/(36 × 8) = 3887500.
This question belongs to: Maths Simple Interest
Question #945
In how many years will Rs. 3546000 amount to Rs. 4964400 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 = 1418400. T = (1418400 × 100)/(3546000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #946
A sum of Rs. 3555000 amounts to Rs. 4977000 in 4 years at simple interest. The rate is
A. 9%
B. 12%
C. 10%
D. 8%
Discuss
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Correct Answer: Option C

Explanation:
SI = 1422000. R = (1422000 × 100)/(3555000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #947
Simple interest on Rs. 3564000 for 3 years at 84% per annum is
A. Rs. 8983120
B. Rs. 8982920
C. Rs. 8982520
D. Rs. 8982720
Discuss
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Correct Answer: Option D

Explanation:
SI = (3564000 × 84 × 3)/100 = 8982720.
This question belongs to: Maths Simple Interest
Question #948
The rate at which Rs. 3573000 amounts to Rs. 4644900 in 3 years is
A. 8%
B. 12%
C. 9%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 1071900. R = (1071900 × 100)/(3573000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #949
Simple interest on Rs. 3582000 for 2 years at 87% per annum is
A. Rs. 6232480
B. Rs. 6232880
C. Rs. 6233080
D. Rs. 6232680
Discuss
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Correct Answer: Option D

Explanation:
SI = (3582000 × 87 × 2)/100 = 6232680.
This question belongs to: Maths Simple Interest
Question #950
The principal that gives Rs. 11541600 interest in 9 years at 31% SI is
A. Rs. 4129000
B. Rs. 4128000
C. Rs. 4131000
D. Rs. 4130000
Discuss
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Correct Answer: Option D

Explanation:
P = (11541600 × 100)/(31 × 9) = 4130000.
This question belongs to: Maths Simple Interest
Question #951
In how many years will Rs. 3591000 amount to Rs. 5027400 at 8% simple interest?
A. 5 years
B. 6 years
C. 4 years
D. 7 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 1436400. T = (1436400 × 100)/(3591000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #952
A sum of Rs. 3600000 amounts to Rs. 5040000 in 4 years at simple interest. The rate is
A. 10%
B. 9%
C. 8%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 1440000. R = (1440000 × 100)/(3600000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #953
Simple interest on Rs. 3609000 for 3 years at 85% per annum is
A. Rs. 9203150
B. Rs. 9203350
C. Rs. 9202950
D. Rs. 9202750
Discuss
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Correct Answer: Option C

Explanation:
SI = (3609000 × 85 × 3)/100 = 9202950.
This question belongs to: Maths Simple Interest
Question #954
The rate at which Rs. 3618000 amounts to Rs. 4703400 in 3 years is
A. 12%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 1085400. R = (1085400 × 100)/(3618000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #955
Simple interest on Rs. 3627000 for 2 years at 88% per annum is
A. Rs. 6385720
B. Rs. 6385920
C. Rs. 6386120
D. Rs. 6386320
Discuss
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Correct Answer: Option B

Explanation:
SI = (3627000 × 88 × 2)/100 = 6385920.
This question belongs to: Maths Simple Interest
Question #956
The principal that gives Rs. 11836800 interest in 8 years at 37% SI is
A. Rs. 4001000
B. Rs. 3999000
C. Rs. 3998000
D. Rs. 4000000
Discuss
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Correct Answer: Option D

Explanation:
P = (11836800 × 100)/(37 × 8) = 4000000.
This question belongs to: Maths Simple Interest
Question #957
In how many years will Rs. 3636000 amount to Rs. 5090400 at 8% simple interest?
A. 6 years
B. 7 years
C. 4 years
D. 5 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 1454400. T = (1454400 × 100)/(3636000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #958
A sum of Rs. 3645000 amounts to Rs. 5103000 in 4 years at simple interest. The rate is
A. 12%
B. 10%
C. 9%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 1458000. R = (1458000 × 100)/(3645000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #959
Simple interest on Rs. 3654000 for 3 years at 86% per annum is
A. Rs. 9433520
B. Rs. 9433720
C. Rs. 9433320
D. Rs. 9433120
Discuss
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Correct Answer: Option C

Explanation:
SI = (3654000 × 86 × 3)/100 = 9433320.
This question belongs to: Maths Simple Interest
Question #960
The rate at which Rs. 3663000 amounts to Rs. 4761900 in 3 years is
A. 9%
B. 12%
C. 10%
D. 8%
Discuss
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Correct Answer: Option C

Explanation:
SI = 1098900. R = (1098900 × 100)/(3663000 × 3) = 10%.
This question belongs to: Maths Simple Interest

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