Simple Interest MCQs with Answers and Solutions for Competitive Exams

Question #1081

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Simple interest on Rs. 4572000 for 2 years at 107% per annum is

A. Rs. 9792880

B. Rs. 9792680

C. Rs. 9792280

D. Rs. 9792480

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Correct Answer: Option D

Explanation:
SI = (4572000 × 107 × 2)/100 = 9792480.

This question belongs to: Maths Simple Interest

Question #1082

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The principal that gives Rs. 17856000 interest in 9 years at 40% SI is

A. Rs. 4960000

B. Rs. 4958000

C. Rs. 4959000

D. Rs. 4961000

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Correct Answer: Option A

Explanation:
P = (17856000 × 100)/(40 × 9) = 4960000.

This question belongs to: Maths Simple Interest

Question #1083

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In how many years will Rs. 4581000 amount to Rs. 6413400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 1832400. T = (1832400 × 100)/(4581000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #1084

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A sum of Rs. 4590000 amounts to Rs. 6426000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1836000. R = (1836000 × 100)/(4590000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #1085

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Simple interest on Rs. 4599000 for 3 years at 107% per annum is

A. Rs. 14767510

B. Rs. 14767710

C. Rs. 14768110

D. Rs. 14767910

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Correct Answer: Option B

Explanation:
SI = (4599000 × 107 × 3)/100 = 14767710.

This question belongs to: Maths Simple Interest

Question #1086

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The rate at which Rs. 4608000 amounts to Rs. 5980000 approx in 3 years is adjusted to exact 10%

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1375200 approx, R = 10%.

This question belongs to: Maths Simple Interest

Question #1087

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Simple interest on Rs. 4617000 for 2 years at 108% per annum is

A. Rs. 9972720

B. Rs. 9973120

C. Rs. 9972520

D. Rs. 9972920

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Correct Answer: Option A

Explanation:
SI = (4617000 × 108 × 2)/100 = 9972720.

This question belongs to: Maths Simple Interest

Question #1088

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The principal that gives Rs. 18144000 interest in 8 years at 48% SI is

A. Rs. 4724000

B. Rs. 4726000

C. Rs. 4723000

D. Rs. 4725000

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Correct Answer: Option D

Explanation:
P = (18144000 × 100)/(48 × 8) = 4725000.

This question belongs to: Maths Simple Interest

Question #1089

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In how many years will Rs. 4626000 amount to Rs. 6476400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 1850400. T = (1850400 × 100)/(4626000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #1090

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A sum of Rs. 4635000 amounts to Rs. 6489000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 1854000. R = (1854000 × 100)/(4635000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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