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 5 of 55
Question #81
SI on Rs. 31500 for 4 years at 7%
A. Rs. 9220
B. Rs. 9020
C. Rs. 8620
D. Rs. 8820
Discuss
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Correct Answer: Option D

Explanation:
SI = (31500 * 7 * 4)/100 = 8820.
This question belongs to: Maths Simple Interest
Question #82
The sum that amounts to Rs. 28800 in 5 years at 8% SI
A. Rs. 18200
B. Rs. 19200
C. Rs. 20200
D. Rs. 17200
Discuss
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Correct Answer: Option B

Explanation:
SI = 9600. P = 28800 - 9600 = 19200.
This question belongs to: Maths Simple Interest
Question #83
Rate for Rs. 42000 to Rs. 54600 in 3 years SI
A. 12%
B. 9%
C. 10%
D. 8%
Discuss
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Correct Answer: Option C

Explanation:
SI = 12600. R = (12600 * 100)/(42000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #84
Years for Rs. 27000 at 6% to give Rs. 9720 interest
A. 5 years
B. 7 years
C. 4 years
D. 6 years
Discuss
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Correct Answer: Option D

Explanation:
T = (9720 * 100)/(27000 * 6) = 6 years.
This question belongs to: Maths Simple Interest
Question #85
Simple interest Rs. 28800 for 2 years at 9%
A. Rs. 5184
B. Rs. 5584
C. Rs. 5384
D. Rs. 4984
Discuss
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Correct Answer: Option A

Explanation:
SI = (28800 * 9 * 2)/100 = 5184.
This question belongs to: Maths Simple Interest
Question #86
Principal giving Rs. 15750 SI in 5 years at 7%
A. Rs. 46000
B. Rs. 45000
C. Rs. 43000
D. Rs. 44000
Discuss
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Correct Answer: Option B

Explanation:
P = (15750 * 100)/(7 * 5) = 45000.
This question belongs to: Maths Simple Interest
Question #87
A sum amounts to Rs. 31200 in 4 years at 10% SI. Principal
A. Rs. 18200
B. Rs. 20200
C. Rs. 17200
D. Rs. 19200
Discuss
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Correct Answer: Option D

Explanation:
SI = 12000. P = 31200 - 12000 = 19200.
This question belongs to: Maths Simple Interest
Question #88
Rate when Rs. 38000 amounts to Rs. 49400 in 3 years
A. 8%
B. 9%
C. 10%
D. 12%
Discuss
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Correct Answer: Option C

Explanation:
SI = 11400. R = (11400 * 100)/(38000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #89
Time for Rs. 45000 at 8% to amount Rs. 63000
A. 6 years
B. 7 years
C. 4 years
D. 5 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 18000. T = (18000 * 100)/(45000 * 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #90
SI on Rs. 36400 for 3 years at 11%
A. Rs. 12012
B. Rs. 12212
C. Rs. 12412
D. Rs. 11812
Discuss
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Correct Answer: Option A

Explanation:
SI = (36400 * 11 * 3)/100 = 12012.
This question belongs to: Maths Simple Interest
Question #91
The principal for Rs. 20160 interest in 8 years at 6%
A. Rs. 40000
B. Rs. 43000
C. Rs. 42000
D. Rs. 41000
Discuss
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Correct Answer: Option C

Explanation:
P = (20160 * 100)/(6 * 8) = 42000.
This question belongs to: Maths Simple Interest
Question #92
A sum at 5% SI for 6 years amounts to Rs. 33600. Principal
A. Rs. 22000
B. Rs. 23000
C. Rs. 25000
D. Rs. 24000
Discuss
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Correct Answer: Option D

Explanation:
SI = 9600. P = 33600 - 9600 = 24000.
This question belongs to: Maths Simple Interest
Question #93
Rate if Rs. 56000 gives Rs. 16800 SI in 4 years
A. 6%
B. 7.5%
C. 8%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
R = (16800 * 100)/(56000 * 4) = 7.5%.
This question belongs to: Maths Simple Interest
Question #94
Years for Rs. 42000 at 7% to give Rs. 11760 interest
A. 6 years
B. 3 years
C. 5 years
D. 4 years
Discuss
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Correct Answer: Option D

Explanation:
T = (11760 * 100)/(42000 * 7) = 4 years.
This question belongs to: Maths Simple Interest
Question #95
Simple interest on Rs. 38500 for 5 years at 8%
A. Rs. 15400
B. Rs. 15200
C. Rs. 15600
D. Rs. 15800
Discuss
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Correct Answer: Option A

Explanation:
SI = (38500 * 8 * 5)/100 = 15400.
This question belongs to: Maths Simple Interest
Question #96
Principal that amounts to Rs. 37800 in 6 years at 5% SI
A. Rs. 24200
B. Rs. 23200
C. Rs. 26200
D. Rs. 25200
Discuss
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Correct Answer: Option D

Explanation:
SI = 12600. P = 37800 - 12600 = 25200.
This question belongs to: Maths Simple Interest
Question #97
Rate for Rs. 49000 to become Rs. 63700 in 3 years SI
A. 10%
B. 8%
C. 9%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 14700. R = (14700 * 100)/(49000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #98
Time for Rs. 35000 at 9% SI to amount Rs. 50750
A. 4 years
B. 7 years
C. 6 years
D. 5 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 15750. T = (15750 * 100)/(35000 * 9) = 5 years.
This question belongs to: Maths Simple Interest
Question #99
SI on Rs. 45500 for 2 years at 12%
A. Rs. 11120
B. Rs. 10720
C. Rs. 10920
D. Rs. 11320
Discuss
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Correct Answer: Option C

Explanation:
SI = (45500 * 12 * 2)/100 = 10920.
This question belongs to: Maths Simple Interest
Question #100
The sum giving Rs. 25200 SI in 7 years at 8%
A. Rs. 46000
B. Rs. 45000
C. Rs. 43000
D. Rs. 44000
Discuss
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Correct Answer: Option B

Explanation:
P = (25200 * 100)/(8 * 7) = 45000.
This question belongs to: Maths Simple Interest

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