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 6 of 55
Question #101
A sum amounts to Rs. 43200 in 5 years at 6% SI. Principal
A. Rs. 32600
B. Rs. 33600
C. Rs. 31600
D. Rs. 34600
Discuss
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Correct Answer: Option B

Explanation:
SI = 9600. P = 43200 - 9600 = 33600.
This question belongs to: Maths Simple Interest
Question #102
Rate when Rs. 63000 amounts to Rs. 81900 in 4 years
A. 8%
B. 7.5%
C. 9%
D. 6%
Discuss
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Correct Answer: Option B

Explanation:
SI = 18900. R = (18900 * 100)/(63000 * 4) = 7.5%.
This question belongs to: Maths Simple Interest
Question #103
Years for Rs. 56000 at 5% to give Rs. 16800 interest
A. 5 years
B. 7 years
C. 4 years
D. 6 years
Discuss
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Correct Answer: Option D

Explanation:
T = (16800 * 100)/(56000 * 5) = 6 years.
This question belongs to: Maths Simple Interest
Question #104
Simple interest on Rs. 52500 for 3 years at 10%
A. Rs. 15750
B. Rs. 15550
C. Rs. 15950
D. Rs. 16150
Discuss
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Correct Answer: Option A

Explanation:
SI = (52500 * 10 * 3)/100 = 15750.
This question belongs to: Maths Simple Interest
Question #105
Principal for Rs. 21600 interest in 6 years at 9%
A. Rs. 40000
B. Rs. 38000
C. Rs. 41000
D. Rs. 39000
Discuss
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Correct Answer: Option A

Explanation:
P = (21600 * 100)/(9 * 6) = 40000.
This question belongs to: Maths Simple Interest
Question #106
A sum at 11% SI for 4 years amounts to Rs. 41800. Principal
A. Rs. 26000
B. Rs. 29000
C. Rs. 27000
D. Rs. 28000
Discuss
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Correct Answer: Option D

Explanation:
SI = 13800. P = 41800 - 13800 = 28000.
This question belongs to: Maths Simple Interest
Question #107
Rate for Rs. 70000 to Rs. 91000 in 3 years SI
A. 9%
B. 8%
C. 10%
D. 12%
Discuss
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Correct Answer: Option C

Explanation:
SI = 21000. R = (21000 * 100)/(70000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #108
Time for Rs. 48000 at 8% to amount Rs. 67200
A. 4 years
B. 5 years
C. 7 years
D. 6 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 19200. T = (19200 * 100)/(48000 * 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #109
SI on Rs. 59500 for 2 years at 6%
A. Rs. 7340
B. Rs. 7140
C. Rs. 6940
D. Rs. 7540
Discuss
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Correct Answer: Option B

Explanation:
SI = (59500 * 6 * 2)/100 = 7140.
This question belongs to: Maths Simple Interest
Question #110
The principal giving Rs. 30240 SI in 8 years at 7%
A. Rs. 54000
B. Rs. 53000
C. Rs. 52000
D. Rs. 55000
Discuss
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Correct Answer: Option A

Explanation:
P = (30240 * 100)/(7 * 8) = 54000.
This question belongs to: Maths Simple Interest
Question #111
A sum amounts to Rs. 50400 in 5 years at 7% SI. Principal
A. Rs. 35000
B. Rs. 36000
C. Rs. 34000
D. Rs. 37000
Discuss
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Correct Answer: Option B

Explanation:
SI = 14400. P = 50400 - 14400 = 36000.
This question belongs to: Maths Simple Interest
Question #112
Rate if Rs. 84000 gives Rs. 25200 SI in 4 years
A. 8%
B. 6%
C. 9%
D. 7.5%
Discuss
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Correct Answer: Option D

Explanation:
R = (25200 * 100)/(84000 * 4) = 7.5%.
This question belongs to: Maths Simple Interest
Question #113
Years for Rs. 63000 at 6% to give Rs. 22680 interest
A. 6 years
B. 7 years
C. 5 years
D. 4 years
Discuss
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Correct Answer: Option A

Explanation:
T = (22680 * 100)/(63000 * 6) = 6 years.
This question belongs to: Maths Simple Interest
Question #114
Simple interest on Rs. 66500 for 3 years at 9%
A. Rs. 17955
B. Rs. 18155
C. Rs. 18355
D. Rs. 17755
Discuss
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Correct Answer: Option A

Explanation:
SI = (66500 * 9 * 3)/100 = 17955.
This question belongs to: Maths Simple Interest
Question #115
Principal for Rs. 37800 interest in 9 years at 5%
A. Rs. 83000
B. Rs. 84000
C. Rs. 85000
D. Rs. 82000
Discuss
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Correct Answer: Option B

Explanation:
P = (37800 * 100)/(5 * 9) = 84000.
This question belongs to: Maths Simple Interest
Question #116
A sum at 12% SI for 4 years amounts to Rs. 57600. Principal
A. Rs. 37000
B. Rs. 36000
C. Rs. 35000
D. Rs. 34000
Discuss
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Correct Answer: Option B

Explanation:
SI = 21600. P = 57600 - 21600 = 36000.
This question belongs to: Maths Simple Interest
Question #117
Rate for Rs. 91000 to Rs. 118300 in 3 years SI
A. 12%
B. 10%
C. 8%
D. 9%
Discuss
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Correct Answer: Option B

Explanation:
SI = 27300. R = (27300 * 100)/(91000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #118
Time for Rs. 77000 at 9% to amount Rs. 107800
A. 6 years
B. 4 years
C. 5 years
D. 7 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 30800. T = (30800 * 100)/(77000 * 9) = 5 years.
This question belongs to: Maths Simple Interest
Question #119
SI on Rs. 73500 for 2 years at 11%
A. Rs. 16570
B. Rs. 16370
C. Rs. 16170
D. Rs. 15970
Discuss
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Correct Answer: Option C

Explanation:
SI = (73500 * 11 * 2)/100 = 16170.
This question belongs to: Maths Simple Interest
Question #120
The principal giving Rs. 44100 SI in 7 years at 9%
A. Rs. 68000
B. Rs. 71000
C. Rs. 69000
D. Rs. 70000
Discuss
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Correct Answer: Option D

Explanation:
P = (44100 * 100)/(9 * 7) = 70000.
This question belongs to: Maths Simple Interest

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