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 #981
In how many years will Rs. 3816000 amount to Rs. 5342400 at 8% simple interest?
A. 5 years
B. 7 years
C. 6 years
D. 4 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 1526400. T = (1526400 × 100)/(3816000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #982
A sum of Rs. 3825000 amounts to Rs. 5355000 in 4 years at simple interest. The rate is
A. 10%
B. 12%
C. 8%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 1530000. R = (1530000 × 100)/(3825000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #983
Simple interest on Rs. 3834000 for 3 years at 90% per annum is
A. Rs. 10352200
B. Rs. 10352000
C. Rs. 10351600
D. Rs. 10351800
Discuss
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Correct Answer: Option D

Explanation:
SI = (3834000 × 90 × 3)/100 = 10351800.
This question belongs to: Maths Simple Interest
Question #984
The rate at which Rs. 3843000 amounts to Rs. 4995900 in 3 years is
A. 10%
B. 12%
C. 8%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 1152900. R = (1152900 × 100)/(3843000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #985
Simple interest on Rs. 3852000 for 2 years at 93% per annum is
A. Rs. 7164920
B. Rs. 7165120
C. Rs. 7164520
D. Rs. 7164720
Discuss
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Correct Answer: Option D

Explanation:
SI = (3852000 × 93 × 2)/100 = 7164720.
This question belongs to: Maths Simple Interest
Question #986
The principal that gives Rs. 13219200 interest in 9 years at 34% SI is
A. Rs. 4319000
B. Rs. 4318000
C. Rs. 4321000
D. Rs. 4320000
Discuss
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Correct Answer: Option D

Explanation:
P = (13219200 × 100)/(34 × 9) = 4320000.
This question belongs to: Maths Simple Interest
Question #987
In how many years will Rs. 3861000 amount to Rs. 5405400 at 8% simple interest?
A. 6 years
B. 4 years
C. 5 years
D. 7 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 1544400. T = (1544400 × 100)/(3861000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #988
A sum of Rs. 3870000 amounts to Rs. 5418000 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 = 1548000. R = (1548000 × 100)/(3870000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #989
Simple interest on Rs. 3879000 for 3 years at 91% per annum is
A. Rs. 10600930
B. Rs. 10601330
C. Rs. 10601130
D. Rs. 10601530
Discuss
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Correct Answer: Option C

Explanation:
SI = (3879000 × 91 × 3)/100 = 10601130.
This question belongs to: Maths Simple Interest
Question #990
The rate at which Rs. 3888000 amounts to Rs. 5054400 in 3 years is
A. 9%
B. 8%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 1166400. R = (1166400 × 100)/(3888000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #991
Simple interest on Rs. 3897000 for 2 years at 94% per annum is
A. Rs. 7326160
B. Rs. 7326360
C. Rs. 7326560
D. Rs. 7326760
Discuss
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Correct Answer: Option B

Explanation:
SI = (3897000 × 94 × 2)/100 = 7326360.
This question belongs to: Maths Simple Interest
Question #992
The principal that gives Rs. 13500000 interest in 8 years at 40% SI is
A. Rs. 4217750
B. Rs. 4218750
C. Rs. 4216750
D. Rs. 4219750
Discuss
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Correct Answer: Option B

Explanation:
P = (13500000 × 100)/(40 × 8) = 4218750.
This question belongs to: Maths Simple Interest
Question #993
In how many years will Rs. 3906000 amount to Rs. 5468400 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 = 1562400. T = (1562400 × 100)/(3906000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #994
A sum of Rs. 3915000 amounts to Rs. 5481000 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 = 1566000. R = (1566000 × 100)/(3915000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #995
Simple interest on Rs. 3924000 for 3 years at 92% per annum is
A. Rs. 10834240
B. Rs. 10833840
C. Rs. 10834040
D. Rs. 10833640
Discuss
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Correct Answer: Option B

Explanation:
SI = (3924000 × 92 × 3)/100 = 10833840.
This question belongs to: Maths Simple Interest
Question #996
The rate at which Rs. 3933000 amounts to Rs. 5112900 in 3 years is
A. 8%
B. 10%
C. 12%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
SI = 1179900. R = (1179900 × 100)/(3933000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #997
Simple interest on Rs. 3942000 for 2 years at 95% per annum is
A. Rs. 7490200
B. Rs. 7489600
C. Rs. 7490000
D. Rs. 7489800
Discuss
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Correct Answer: Option D

Explanation:
SI = (3942000 × 95 × 2)/100 = 7489800.
This question belongs to: Maths Simple Interest
Question #998
The principal that gives Rs. 13759200 interest in 9 years at 34% SI is
A. Rs. 4499000
B. Rs. 4500000
C. Rs. 4498000
D. Rs. 4501000
Discuss
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Correct Answer: Option B

Explanation:
P = (13759200 × 100)/(34 × 9) = 4500000.
This question belongs to: Maths Simple Interest
Question #999
In how many years will Rs. 3951000 amount to Rs. 5531400 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 = 1580400. T = (1580400 × 100)/(3951000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #1000
A sum of Rs. 3960000 amounts to Rs. 5544000 in 4 years at simple interest. The rate is
A. 8%
B. 12%
C. 10%
D. 9%
Discuss
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Correct Answer: Option C

Explanation:
SI = 1584000. R = (1584000 × 100)/(3960000 × 4) = 10%.
This question belongs to: Maths Simple Interest

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