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 8 of 55
Question #141
A sum amounts to Rs. 95760 in 5 years at 8% SI. Principal
A. Rs. 61000
B. Rs. 64000
C. Rs. 63000
D. Rs. 62000
Discuss
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Correct Answer: Option C

Explanation:
SI = 32760. P = 95760 - 32760 = 63000.
This question belongs to: Maths Simple Interest
Question #142
Rate when Rs. 147000 amounts to Rs. 191100 in 3 years
A. 10%
B. 12%
C. 8%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 44100. R = (44100 * 100)/(147000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #143
Years for Rs. 154000 at 5% to give Rs. 46200 interest
A. 5 years
B. 4 years
C. 7 years
D. 6 years
Discuss
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Correct Answer: Option D

Explanation:
T = (46200 * 100)/(154000 * 5) = 6 years.
This question belongs to: Maths Simple Interest
Question #144
Simple interest on Rs. 108500 for 4 years at 7%
A. Rs. 30780
B. Rs. 30580
C. Rs. 30180
D. Rs. 30380
Discuss
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Correct Answer: Option D

Explanation:
SI = (108500 * 7 * 4)/100 = 30380.
This question belongs to: Maths Simple Interest
Question #145
Principal for Rs. 100800 interest in 8 years at 9%
A. Rs. 140000
B. Rs. 139000
C. Rs. 141000
D. Rs. 138000
Discuss
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Correct Answer: Option A

Explanation:
P = (100800 * 100)/(9 * 8) = 140000.
This question belongs to: Maths Simple Interest
Question #146
A sum at 10% SI for 5 years amounts to Rs. 105000. Principal
A. Rs. 69000
B. Rs. 68000
C. Rs. 70000
D. Rs. 71000
Discuss
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Correct Answer: Option C

Explanation:
SI = 35000. P = 105000 - 35000 = 70000.
This question belongs to: Maths Simple Interest
Question #147
Rate for Rs. 161000 to Rs. 209300 in 3 years SI
A. 10%
B. 8%
C. 9%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 48300. R = (48300 * 100)/(161000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #148
Time for Rs. 168000 at 6% to amount Rs. 235200
A. 6 years
B. 5 years
C. 7 years
D. 8 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 67200. T = (67200 * 100)/(168000 * 6) = 7 years.
This question belongs to: Maths Simple Interest
Question #149
SI on Rs. 115500 for 3 years at 12%
A. Rs. 41980
B. Rs. 41780
C. Rs. 41380
D. Rs. 41580
Discuss
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Correct Answer: Option D

Explanation:
SI = (115500 * 12 * 3)/100 = 41580.
This question belongs to: Maths Simple Interest
Question #150
The principal giving Rs. 117600 SI in 7 years at 12%
A. Rs. 138000
B. Rs. 140000
C. Rs. 139000
D. Rs. 141000
Discuss
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Correct Answer: Option B

Explanation:
P = (117600 * 100)/(12 * 7) = 140000.
This question belongs to: Maths Simple Interest
Question #151
A sum amounts to Rs. 110880 in 6 years at 7% SI. Principal
A. Rs. 83000
B. Rs. 84000
C. Rs. 82000
D. Rs. 85000
Discuss
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Correct Answer: Option B

Explanation:
SI = 26880. P = 110880 - 26880 = 84000.
This question belongs to: Maths Simple Interest
Question #152
Rate when Rs. 175000 amounts to Rs. 227500 in 3 years
A. 12%
B. 8%
C. 9%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 52500. R = (52500 * 100)/(175000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #153
Years for Rs. 182000 at 8% to give Rs. 87360 interest
A. 5 years
B. 4 years
C. 6 years
D. 7 years
Discuss
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Correct Answer: Option C

Explanation:
T = (87360 * 100)/(182000 * 8) = 6 years.
This question belongs to: Maths Simple Interest
Question #154
Simple interest on Rs. 122500 for 2 years at 13%
A. Rs. 31650
B. Rs. 32050
C. Rs. 31850
D. Rs. 32250
Discuss
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Correct Answer: Option C

Explanation:
SI = (122500 * 13 * 2)/100 = 31850.
This question belongs to: Maths Simple Interest
Question #155
Principal for Rs. 134400 interest in 8 years at 12%
A. Rs. 138000
B. Rs. 141000
C. Rs. 139000
D. Rs. 140000
Discuss
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Correct Answer: Option D

Explanation:
P = (134400 * 100)/(12 * 8) = 140000.
This question belongs to: Maths Simple Interest
Question #156
A sum at 9% SI for 5 years amounts to Rs. 126000. Principal
A. Rs. 85000
B. Rs. 83000
C. Rs. 84000
D. Rs. 82000
Discuss
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Correct Answer: Option C

Explanation:
SI = 42000. P = 126000 - 42000 = 84000.
This question belongs to: Maths Simple Interest
Question #157
Rate for Rs. 189000 to Rs. 245700 in 3 years SI
A. 8%
B. 12%
C. 10%
D. 9%
Discuss
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Correct Answer: Option C

Explanation:
SI = 56700. R = (56700 * 100)/(189000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #158
Time for Rs. 196000 at 7% to amount Rs. 274400
A. 6 years
B. 4 years
C. 7 years
D. 5 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 78400. T = (78400 * 100)/(196000 * 7) = 6 years.
This question belongs to: Maths Simple Interest
Question #159
SI on Rs. 129500 for 4 years at 5%
A. Rs. 26300
B. Rs. 26100
C. Rs. 25900
D. Rs. 25700
Discuss
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Correct Answer: Option C

Explanation:
SI = (129500 * 5 * 4)/100 = 25900.
This question belongs to: Maths Simple Interest
Question #160
The principal giving Rs. 151200 SI in 9 years at 8%
A. Rs. 209000
B. Rs. 211000
C. Rs. 208000
D. Rs. 210000
Discuss
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Correct Answer: Option D

Explanation:
P = (151200 * 100)/(8 * 9) = 210000.
This question belongs to: Maths Simple Interest

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