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 7 of 55
Question #121
A sum amounts to Rs. 65520 in 6 years at 8% SI. Principal
A. Rs. 42000
B. Rs. 40000
C. Rs. 41000
D. Rs. 43000
Discuss
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Correct Answer: Option A

Explanation:
SI = 23520. P = 65520 - 23520 = 42000.
This question belongs to: Maths Simple Interest
Question #122
Rate when Rs. 98000 amounts to Rs. 127400 in 3 years
A. 9%
B. 10%
C. 12%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 29400. R = (29400 * 100)/(98000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #123
Years for Rs. 84000 at 7% to give Rs. 35280 interest
A. 4 years
B. 6 years
C. 7 years
D. 5 years
Discuss
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Correct Answer: Option B

Explanation:
T = (35280 * 100)/(84000 * 7) = 6 years.
This question belongs to: Maths Simple Interest
Question #124
Simple interest on Rs. 80500 for 4 years at 6%
A. Rs. 19720
B. Rs. 19120
C. Rs. 19320
D. Rs. 19520
Discuss
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Correct Answer: Option C

Explanation:
SI = (80500 * 6 * 4)/100 = 19320.
This question belongs to: Maths Simple Interest
Question #125
Principal for Rs. 52920 interest in 8 years at 11%
A. Rs. 60000
B. Rs. 61000
C. Rs. 58000
D. Rs. 59000
Discuss
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Correct Answer: Option A

Explanation:
P = (52920 * 100)/(11 * 8) = 60000.
This question belongs to: Maths Simple Interest
Question #126
A sum at 5% SI for 7 years amounts to Rs. 46200. Principal
A. Rs. 31000
B. Rs. 32000
C. Rs. 34000
D. Rs. 33000
Discuss
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Correct Answer: Option D

Explanation:
SI = 13200. P = 46200 - 13200 = 33000.
This question belongs to: Maths Simple Interest
Question #127
Rate for Rs. 112000 to Rs. 145600 in 4 years SI
A. 9%
B. 6%
C. 8%
D. 7.5%
Discuss
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Correct Answer: Option D

Explanation:
SI = 33600. R = (33600 * 100)/(112000 * 4) = 7.5%.
This question belongs to: Maths Simple Interest
Question #128
Time for Rs. 105000 at 8% to amount Rs. 147000
A. 5 years
B. 6 years
C. 7 years
D. 4 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 42000. T = (42000 * 100)/(105000 * 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #129
SI on Rs. 87500 for 3 years at 10%
A. Rs. 26050
B. Rs. 26250
C. Rs. 26450
D. Rs. 26650
Discuss
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Correct Answer: Option B

Explanation:
SI = (87500 * 10 * 3)/100 = 26250.
This question belongs to: Maths Simple Interest
Question #130
The principal giving Rs. 60480 SI in 9 years at 8%
A. Rs. 82000
B. Rs. 83000
C. Rs. 84000
D. Rs. 85000
Discuss
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Correct Answer: Option C

Explanation:
P = (60480 * 100)/(8 * 9) = 84000.
This question belongs to: Maths Simple Interest
Question #131
A sum amounts to Rs. 80640 in 6 years at 9% SI. Principal
A. Rs. 47000
B. Rs. 49000
C. Rs. 48000
D. Rs. 46000
Discuss
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Correct Answer: Option C

Explanation:
SI = 32640. P = 80640 - 32640 = 48000.
This question belongs to: Maths Simple Interest
Question #132
Rate when Rs. 126000 amounts to Rs. 163800 in 3 years
A. 10%
B. 9%
C. 8%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 37800. R = (37800 * 100)/(126000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #133
Years for Rs. 119000 at 6% to give Rs. 42840 interest
A. 4 years
B. 5 years
C. 7 years
D. 6 years
Discuss
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Correct Answer: Option D

Explanation:
T = (42840 * 100)/(119000 * 6) = 6 years.
This question belongs to: Maths Simple Interest
Question #134
Simple interest on Rs. 94500 for 2 years at 13%
A. Rs. 24570
B. Rs. 24370
C. Rs. 24770
D. Rs. 24970
Discuss
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Correct Answer: Option A

Explanation:
SI = (94500 * 13 * 2)/100 = 24570.
This question belongs to: Maths Simple Interest
Question #135
Principal for Rs. 75600 interest in 7 years at 12%
A. Rs. 91000
B. Rs. 88000
C. Rs. 89000
D. Rs. 90000
Discuss
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Correct Answer: Option D

Explanation:
P = (75600 * 100)/(12 * 7) = 90000.
This question belongs to: Maths Simple Interest
Question #136
A sum at 4% SI for 8 years amounts to Rs. 67200. Principal
A. Rs. 49000
B. Rs. 47000
C. Rs. 46000
D. Rs. 48000
Discuss
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Correct Answer: Option D

Explanation:
SI = 19200. P = 67200 - 19200 = 48000.
This question belongs to: Maths Simple Interest
Question #137
Rate for Rs. 133000 to Rs. 172900 in 4 years SI
A. 9%
B. 8%
C. 7.5%
D. 6%
Discuss
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Correct Answer: Option C

Explanation:
SI = 39900. R = (39900 * 100)/(133000 * 4) = 7.5%.
This question belongs to: Maths Simple Interest
Question #138
Time for Rs. 140000 at 9% to amount Rs. 196000
A. 4 years
B. 3 years
C. 5 years
D. 6 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 56000. T = (56000 * 100)/(140000 * 9) = 4 years.
This question belongs to: Maths Simple Interest
Question #139
SI on Rs. 101500 for 5 years at 5%
A. Rs. 25175
B. Rs. 25375
C. Rs. 25775
D. Rs. 25575
Discuss
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Correct Answer: Option B

Explanation:
SI = (101500 * 5 * 5)/100 = 25375.
This question belongs to: Maths Simple Interest
Question #140
The principal giving Rs. 88200 SI in 6 years at 11%
A. Rs. 134636
B. Rs. 133636
C. Rs. 131636
D. Rs. 132636
Discuss
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Correct Answer: Option B

Explanation:
P = (88200 * 100)/(11 * 6) = 133636 approx adjusted 133000.
This question belongs to: Maths Simple Interest

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