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 9 of 55
Question #161
A sum amounts to Rs. 134400 in 7 years at 6% SI. Principal
A. Rs. 94000
B. Rs. 95000
C. Rs. 96000
D. Rs. 97000
Discuss
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Correct Answer: Option C

Explanation:
SI = 38400. P = 134400 - 38400 = 96000.
This question belongs to: Maths Simple Interest
Question #162
Rate when Rs. 203000 amounts to Rs. 263900 in 3 years
A. 10%
B. 9%
C. 12%
D. 8%
Discuss
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Correct Answer: Option A

Explanation:
SI = 60900. R = (60900 * 100)/(203000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #163
Years for Rs. 210000 at 9% to give Rs. 113400 interest
A. 4 years
B. 7 years
C. 6 years
D. 5 years
Discuss
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Correct Answer: Option C

Explanation:
T = (113400 * 100)/(210000 * 9) = 6 years.
This question belongs to: Maths Simple Interest
Question #164
Simple interest on Rs. 136500 for 3 years at 11%
A. Rs. 45445
B. Rs. 44845
C. Rs. 45045
D. Rs. 45245
Discuss
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Correct Answer: Option C

Explanation:
SI = (136500 * 11 * 3)/100 = 45045.
This question belongs to: Maths Simple Interest
Question #165
Principal for Rs. 168000 interest in 7 years at 12%
A. Rs. 198000
B. Rs. 199000
C. Rs. 200000
D. Rs. 201000
Discuss
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Correct Answer: Option C

Explanation:
P = (168000 * 100)/(12 * 7) = 200000.
This question belongs to: Maths Simple Interest
Question #166
A sum at 10% SI for 4 years amounts to Rs. 168000. Principal
A. Rs. 111000
B. Rs. 112000
C. Rs. 113000
D. Rs. 110000
Discuss
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Correct Answer: Option B

Explanation:
SI = 56000. P = 168000 - 56000 = 112000.
This question belongs to: Maths Simple Interest
Question #167
Rate for Rs. 217000 to Rs. 282100 in 3 years SI
A. 10%
B. 8%
C. 12%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 65100. R = (65100 * 100)/(217000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #168
Time for Rs. 224000 at 8% to amount Rs. 313600
A. 7 years
B. 5 years
C. 4 years
D. 6 years
Discuss
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Correct Answer: Option B

Explanation:
SI = 89600. T = (89600 * 100)/(224000 * 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #169
SI on Rs. 143500 for 2 years at 14%
A. Rs. 39980
B. Rs. 40180
C. Rs. 40380
D. Rs. 40580
Discuss
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Correct Answer: Option B

Explanation:
SI = (143500 * 14 * 2)/100 = 40180.
This question belongs to: Maths Simple Interest
Question #170
The principal giving Rs. 184800 SI in 8 years at 11%
A. Rs. 211000
B. Rs. 210000
C. Rs. 208000
D. Rs. 209000
Discuss
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Correct Answer: Option B

Explanation:
P = (184800 * 100)/(11 * 8) = 210000.
This question belongs to: Maths Simple Interest
Question #171
A sum amounts to Rs. 141120 in 6 years at 8% SI. Principal
A. Rs. 99000
B. Rs. 98000
C. Rs. 96000
D. Rs. 97000
Discuss
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Correct Answer: Option B

Explanation:
SI = 43120. P = 141120 - 43120 = 98000.
This question belongs to: Maths Simple Interest
Question #172
Rate when Rs. 231000 amounts to Rs. 300300 in 3 years
A. 8%
B. 12%
C. 10%
D. 9%
Discuss
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Correct Answer: Option C

Explanation:
SI = 69300. R = (69300 * 100)/(231000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #173
Years for Rs. 238000 at 7% to give Rs. 99960 interest
A. 5 years
B. 6 years
C. 7 years
D. 4 years
Discuss
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Correct Answer: Option B

Explanation:
T = (99960 * 100)/(238000 * 7) = 6 years.
This question belongs to: Maths Simple Interest
Question #174
Simple interest on Rs. 150500 for 4 years at 6%
A. Rs. 36320
B. Rs. 36520
C. Rs. 35920
D. Rs. 36120
Discuss
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Correct Answer: Option D

Explanation:
SI = (150500 * 6 * 4)/100 = 36120.
This question belongs to: Maths Simple Interest
Question #175
Principal for Rs. 201600 interest in 9 years at 8%
A. Rs. 279000
B. Rs. 281000
C. Rs. 280000
D. Rs. 278000
Discuss
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Correct Answer: Option C

Explanation:
P = (201600 * 100)/(8 * 9) = 280000.
This question belongs to: Maths Simple Interest
Question #176
A sum at 11% SI for 5 years amounts to Rs. 189000. Principal
A. Rs. 125000
B. Rs. 126000
C. Rs. 124000
D. Rs. 127000
Discuss
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Correct Answer: Option B

Explanation:
SI = 63000. P = 189000 - 63000 = 126000.
This question belongs to: Maths Simple Interest
Question #177
Rate for Rs. 245000 to Rs. 318500 in 3 years SI
A. 10%
B. 8%
C. 12%
D. 9%
Discuss
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Correct Answer: Option A

Explanation:
SI = 73500. R = (73500 * 100)/(245000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #178
Time for Rs. 252000 at 9% to amount Rs. 352800
A. 7 years
B. 4 years
C. 5 years
D. 6 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 100800. T = (100800 * 100)/(252000 * 9) = 5 years.
This question belongs to: Maths Simple Interest
Question #179
SI on Rs. 157500 for 3 years at 13%
A. Rs. 61825
B. Rs. 61625
C. Rs. 61425
D. Rs. 61225
Discuss
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Correct Answer: Option C

Explanation:
SI = (157500 * 13 * 3)/100 = 61425.
This question belongs to: Maths Simple Interest
Question #180
The principal giving Rs. 235200 SI in 7 years at 12%
A. Rs. 280000
B. Rs. 278000
C. Rs. 279000
D. Rs. 281000
Discuss
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Correct Answer: Option A

Explanation:
P = (235200 * 100)/(12 * 7) = 280000.
This question belongs to: Maths Simple Interest

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