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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Page 52 of 55
Question #1021
Simple interest on Rs. 4122000 for 2 years at 99% per annum is
A. Rs. 8161960
B. Rs. 8161760
C. Rs. 8161560
D. Rs. 8161360
Discuss
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Correct Answer: Option C

Explanation:
SI = (4122000 × 99 × 2)/100 = 8161560.
This question belongs to: Maths Simple Interest
Question #1022
The principal that gives Rs. 14976000 interest in 9 years at 36% SI is
A. Rs. 4618000
B. Rs. 4620000
C. Rs. 4619000
D. Rs. 4621000
Discuss
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Correct Answer: Option B

Explanation:
P = (14976000 × 100)/(36 × 9) = 4620000.
This question belongs to: Maths Simple Interest
Question #1023
In how many years will Rs. 4131000 amount to Rs. 5783400 at 8% simple interest?
A. 4 years
B. 5 years
C. 6 years
D. 7 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 1652400. T = (1652400 × 100)/(4131000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #1024
A sum of Rs. 4140000 amounts to Rs. 5796000 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 = 1656000. R = (1656000 × 100)/(4140000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #1025
Simple interest on Rs. 4149000 for 3 years at 97% per annum is
A. Rs. 12070130
B. Rs. 12069730
C. Rs. 12069930
D. Rs. 12070330
Discuss
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Correct Answer: Option C

Explanation:
SI = (4149000 × 97 × 3)/100 = 12069930.
This question belongs to: Maths Simple Interest
Question #1026
The rate at which Rs. 4158000 amounts to Rs. 5405400 in 3 years is
A. 12%
B. 9%
C. 8%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 1247400. R = (1247400 × 100)/(4158000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #1027
Simple interest on Rs. 4167000 for 2 years at 100% per annum is
A. Rs. 8334400
B. Rs. 8334000
C. Rs. 8333800
D. Rs. 8334200
Discuss
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Correct Answer: Option B

Explanation:
SI = (4167000 × 100 × 2)/100 = 8334000.
This question belongs to: Maths Simple Interest
Question #1028
The principal that gives Rs. 15292800 interest in 8 years at 42% SI is
A. Rs. 4550000
B. Rs. 4548000
C. Rs. 4551000
D. Rs. 4549000
Discuss
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Correct Answer: Option A

Explanation:
P = (15292800 × 100)/(42 × 8) = 4550000.
This question belongs to: Maths Simple Interest
Question #1029
In how many years will Rs. 4176000 amount to Rs. 5846400 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 = 1670400. T = (1670400 × 100)/(4176000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #1030
A sum of Rs. 4185000 amounts to Rs. 5859000 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 = 1674000. R = (1674000 × 100)/(4185000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #1031
Simple interest on Rs. 4194000 for 3 years at 98% per annum is
A. Rs. 12328360
B. Rs. 12328960
C. Rs. 12328760
D. Rs. 12328560
Discuss
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Correct Answer: Option D

Explanation:
SI = (4194000 × 98 × 3)/100 = 12328560.
This question belongs to: Maths Simple Interest
Question #1032
The rate at which Rs. 4203000 amounts to Rs. 5463900 in 3 years is
A. 12%
B. 8%
C. 10%
D. 9%
Discuss
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Correct Answer: Option C

Explanation:
SI = 1260900. R = (1260900 × 100)/(4203000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #1033
Simple interest on Rs. 4212000 for 2 years at 99% per annum is
A. Rs. 8345960
B. Rs. 8345760
C. Rs. 8345560
D. Rs. 8346160
Discuss
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Correct Answer: Option B

Explanation:
SI = (4212000 × 99 × 2)/100 = 8345760.
This question belongs to: Maths Simple Interest
Question #1034
The principal that gives Rs. 15552000 interest in 9 years at 36% SI is
A. Rs. 4801000
B. Rs. 4799000
C. Rs. 4800000
D. Rs. 4798000
Discuss
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Correct Answer: Option C

Explanation:
P = (15552000 × 100)/(36 × 9) = 4800000.
This question belongs to: Maths Simple Interest
Question #1035
In how many years will Rs. 4221000 amount to Rs. 5909400 at 8% simple interest?
A. 7 years
B. 4 years
C. 6 years
D. 5 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 1688400. T = (1688400 × 100)/(4221000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #1036
A sum of Rs. 4230000 amounts to Rs. 5922000 in 4 years at simple interest. The rate is
A. 8%
B. 9%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 1692000. R = (1692000 × 100)/(4230000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #1037
Simple interest on Rs. 4239000 for 3 years at 99% per annum is
A. Rs. 12596530
B. Rs. 12595930
C. Rs. 12596330
D. Rs. 12596130
Discuss
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Correct Answer: Option D

Explanation:
SI = (4239000 × 99 × 3)/100 = 12596130.
This question belongs to: Maths Simple Interest
Question #1038
The rate at which Rs. 4248000 amounts to Rs. 5522400 in 3 years is
A. 10%
B. 8%
C. 9%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 1274400. R = (1274400 × 100)/(4248000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #1039
Simple interest on Rs. 4257000 for 2 years at 100% per annum is
A. Rs. 8513800
B. Rs. 8514000
C. Rs. 8514400
D. Rs. 8514200
Discuss
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Correct Answer: Option B

Explanation:
SI = (4257000 × 100 × 2)/100 = 8514000.
This question belongs to: Maths Simple Interest
Question #1040
The principal that gives Rs. 15840000 interest in 8 years at 44% SI is
A. Rs. 4498000
B. Rs. 4500000
C. Rs. 4499000
D. Rs. 4501000
Discuss
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Correct Answer: Option B

Explanation:
P = (15840000 × 100)/(44 × 8) = 4500000.
This question belongs to: Maths Simple Interest

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