Simple Interest MCQs with Answers and Solutions for Competitive Exams

Question #1061

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Simple interest on Rs. 4419000 for 3 years at 103% per annum is

A. Rs. 13666810

B. Rs. 13666410

C. Rs. 13666210

D. Rs. 13666610

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Correct Answer: Option B

Explanation:
SI = (4419000 × 103 × 3)/100 = 13666410.

This question belongs to: Maths Simple Interest

Question #1062

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The rate at which Rs. 4428000 amounts to Rs. 5756400 in 3 years is

A. 8%

B. 10%

C. 12%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 1328400. R = (1328400 × 100)/(4428000 × 3) = 10%.

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Question #1063

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Simple interest on Rs. 4437000 for 2 years at 104% per annum is

A. Rs. 9228760

B. Rs. 9228960

C. Rs. 9229360

D. Rs. 9229160

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Correct Answer: Option B

Explanation:
SI = (4437000 × 104 × 2)/100 = 9228960.

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Question #1064

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The principal that gives Rs. 16992000 interest in 8 years at 46% SI is

A. Rs. 4618391

B. Rs. 4617391

C. Rs. 4615391

D. Rs. 4616391

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Correct Answer: Option B

Explanation:
P = (16992000 × 100)/(46 × 8) = 4617391.

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Question #1065

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In how many years will Rs. 4446000 amount to Rs. 6224400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 1778400. T = (1778400 × 100)/(4446000 × 8) = 5 years.

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Question #1066

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A sum of Rs. 4455000 amounts to Rs. 6237000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 1782000. R = (1782000 × 100)/(4455000 × 4) = 10%.

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Question #1067

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Simple interest on Rs. 4464000 for 3 years at 104% per annum is

A. Rs. 13922320

B. Rs. 13921920

C. Rs. 13921720

D. Rs. 13922120

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Correct Answer: Option B

Explanation:
SI = (4464000 × 104 × 3)/100 = 13921920.

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Question #1068

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The rate at which Rs. 4473000 amounts to Rs. 5814900 in 3 years is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1341900. R = (1341900 × 100)/(4473000 × 3) = 10%.

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Question #1069

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Simple interest on Rs. 4482000 for 2 years at 105% per annum is

A. Rs. 9409200

B. Rs. 9409000

C. Rs. 9409600

D. Rs. 9409400

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Correct Answer: Option A

Explanation:
SI = (4482000 × 105 × 2)/100 = 9409200.

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Question #1070

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The principal that gives Rs. 17280000 interest in 9 years at 40% SI is

A. Rs. 4798000

B. Rs. 4800000

C. Rs. 4799000

D. Rs. 4801000

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Correct Answer: Option B

Explanation:
P = (17280000 × 100)/(40 × 9) = 4800000.

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Question #1071

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In how many years will Rs. 4491000 amount to Rs. 6287400 at 8% simple interest?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 1796400. T = (1796400 × 100)/(4491000 × 8) = 5 years.

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Question #1072

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A sum of Rs. 4500000 amounts to Rs. 6300000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1800000. R = (1800000 × 100)/(4500000 × 4) = 10%.

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Question #1073

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Simple interest on Rs. 4509000 for 3 years at 105% per annum is

A. Rs. 14203550

B. Rs. 14203350

C. Rs. 14203150

D. Rs. 14203750

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Correct Answer: Option B

Explanation:
SI = (4509000 × 105 × 3)/100 = 14203350.

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Question #1074

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The rate at which Rs. 4518000 amounts to Rs. 5873400 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1355400. R = (1355400 × 100)/(4518000 × 3) = 10%.

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Question #1075

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Simple interest on Rs. 4527000 for 2 years at 106% per annum is

A. Rs. 9603640

B. Rs. 9603040

C. Rs. 9603440

D. Rs. 9603240

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Correct Answer: Option D

Explanation:
SI = (4527000 × 106 × 2)/100 = 9603240.

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Question #1076

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The principal that gives Rs. 17582400 interest in 8 years at 47% SI is

A. Rs. 4669000

B. Rs. 4670000

C. Rs. 4671000

D. Rs. 4668000

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Correct Answer: Option B

Explanation:
P = (17582400 × 100)/(47 × 8) = 4670000.

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Question #1077

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In how many years will Rs. 4536000 amount to Rs. 6350400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 1814400. T = (1814400 × 100)/(4536000 × 8) = 5 years.

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Question #1078

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A sum of Rs. 4545000 amounts to Rs. 6363000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 9%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 1818000. R = (1818000 × 100)/(4545000 × 4) = 10%.

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Question #1079

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Simple interest on Rs. 4554000 for 3 years at 106% per annum is

A. Rs. 14482200

B. Rs. 14482600

C. Rs. 14482400

D. Rs. 14482000

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Correct Answer: Option A

Explanation:
SI = (4554000 × 106 × 3)/100 = 14482200.

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Question #1080

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The rate at which Rs. 4563000 amounts to Rs. 5931900 in 3 years is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 1368900. R = (1368900 × 100)/(4563000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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