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 51 of 55
Question #1001
Simple interest on Rs. 3969000 for 3 years at 93% per annum is
A. Rs. 11076790
B. Rs. 11076190
C. Rs. 11076390
D. Rs. 11076590
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Correct Answer: Option C

Explanation:
SI = (3969000 × 93 × 3)/100 = 11076390.
This question belongs to: Maths Simple Interest
Question #1002
The rate at which Rs. 3978000 amounts to Rs. 5171400 in 3 years is
A. 10%
B. 8%
C. 9%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 1193400. R = (1193400 × 100)/(3978000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #1003
Simple interest on Rs. 3987000 for 2 years at 96% per annum is
A. Rs. 7655240
B. Rs. 7655440
C. Rs. 7655040
D. Rs. 7654840
Discuss
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Correct Answer: Option C

Explanation:
SI = (3987000 × 96 × 2)/100 = 7655040.
This question belongs to: Maths Simple Interest
Question #1004
The principal that gives Rs. 14040000 interest in 8 years at 41% SI is
A. Rs. 4275000
B. Rs. 4273000
C. Rs. 4276000
D. Rs. 4274000
Discuss
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Correct Answer: Option A

Explanation:
P = (14040000 × 100)/(41 × 8) = 4275000.
This question belongs to: Maths Simple Interest
Question #1005
In how many years will Rs. 3996000 amount to Rs. 5594400 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 = 1598400. T = (1598400 × 100)/(3996000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #1006
A sum of Rs. 4005000 amounts to Rs. 5607000 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 = 1602000. R = (1602000 × 100)/(4005000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #1007
Simple interest on Rs. 4014000 for 3 years at 94% per annum is
A. Rs. 11319280
B. Rs. 11319880
C. Rs. 11319480
D. Rs. 11319680
Discuss
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Correct Answer: Option C

Explanation:
SI = (4014000 × 94 × 3)/100 = 11319480.
This question belongs to: Maths Simple Interest
Question #1008
The rate at which Rs. 4023000 amounts to Rs. 5229900 in 3 years is
A. 9%
B. 12%
C. 10%
D. 8%
Discuss
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Correct Answer: Option C

Explanation:
SI = 1206900. R = (1206900 × 100)/(4023000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #1009
Simple interest on Rs. 4032000 for 2 years at 97% per annum is
A. Rs. 7822080
B. Rs. 7821880
C. Rs. 7822480
D. Rs. 7822280
Discuss
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Correct Answer: Option A

Explanation:
SI = (4032000 × 97 × 2)/100 = 7822080.
This question belongs to: Maths Simple Interest
Question #1010
The principal that gives Rs. 14364000 interest in 9 years at 35% SI is
A. Rs. 4550000
B. Rs. 4551000
C. Rs. 4549000
D. Rs. 4548000
Discuss
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Correct Answer: Option A

Explanation:
P = (14364000 × 100)/(35 × 9) = 4550000.
This question belongs to: Maths Simple Interest
Question #1011
In how many years will Rs. 4041000 amount to Rs. 5657400 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 = 1616400. T = (1616400 × 100)/(4041000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #1012
A sum of Rs. 4050000 amounts to Rs. 5670000 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 = 1620000. R = (1620000 × 100)/(4050000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #1013
Simple interest on Rs. 4059000 for 3 years at 95% per annum is
A. Rs. 11567950
B. Rs. 11568350
C. Rs. 11568550
D. Rs. 11568150
Discuss
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Correct Answer: Option D

Explanation:
SI = (4059000 × 95 × 3)/100 = 11568150.
This question belongs to: Maths Simple Interest
Question #1014
The rate at which Rs. 4068000 amounts to Rs. 5288400 in 3 years is
A. 9%
B. 8%
C. 10%
D. 12%
Discuss
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Correct Answer: Option C

Explanation:
SI = 1220400. R = (1220400 × 100)/(4068000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #1015
Simple interest on Rs. 4077000 for 2 years at 98% per annum is
A. Rs. 7990720
B. Rs. 7991120
C. Rs. 7991320
D. Rs. 7990920
Discuss
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Correct Answer: Option D

Explanation:
SI = (4077000 × 98 × 2)/100 = 7990920.
This question belongs to: Maths Simple Interest
Question #1016
The principal that gives Rs. 14688000 interest in 8 years at 43% SI is
A. Rs. 4273000
B. Rs. 4274000
C. Rs. 4275000
D. Rs. 4276000
Discuss
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Correct Answer: Option C

Explanation:
P = (14688000 × 100)/(43 × 8) = 4275000.
This question belongs to: Maths Simple Interest
Question #1017
In how many years will Rs. 4086000 amount to Rs. 5720400 at 8% simple interest?
A. 5 years
B. 4 years
C. 7 years
D. 6 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 1634400. T = (1634400 × 100)/(4086000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #1018
A sum of Rs. 4095000 amounts to Rs. 5733000 in 4 years at simple interest. The rate is
A. 9%
B. 8%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 1638000. R = (1638000 × 100)/(4095000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #1019
Simple interest on Rs. 4104000 for 3 years at 96% per annum is
A. Rs. 11819320
B. Rs. 11819920
C. Rs. 11819520
D. Rs. 11819720
Discuss
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Correct Answer: Option C

Explanation:
SI = (4104000 × 96 × 3)/100 = 11819520.
This question belongs to: Maths Simple Interest
Question #1020
The rate at which Rs. 4113000 amounts to Rs. 5346900 in 3 years is
A. 8%
B. 9%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 1233900. R = (1233900 × 100)/(4113000 × 3) = 10%.
This question belongs to: Maths Simple Interest

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