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Simple Interest MCQs

Practice important Simple Interest MCQs with answers, explanations, theory links, and exam-focused preparation.

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Simple Interest

Simple Interest MCQs With Answers

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CSS - PMS - CCE - PCS - Mathematics Simple Interest
How long will Rs. 5500 take to earn Rs. 880 at 4% simple interest per annum?
A. 0.16 years
B. 4 years
C. 4 years-1
D. 5 years
Correct Answer: B
T = SI×100/(P×R) = 880×100/(5500×4) = 4 years.
CSS - PMS - CCE - PCS - Mathematics Simple Interest
Rs. 5000 yields Rs. 1800 simple interest in 3 years. What is the annual rate?
A. 12%
B. 11%
C. 14%
D. 3%
Correct Answer: A
R = SI×100/(P×T) = 1800×100/(5000×3) = 12%.
CSS - PMS - CCE - PCS - Mathematics Simple Interest
A sum earns Rs. 1200 as simple interest in 3 years at 6% per annum. What is the principal?
A. Rs. 7866.67
B. Rs. 1200
C. Rs. 6666.67
D. Rs. 216
Correct Answer: C
P = SI×100/(R×T) = 1200×100/(6×3) = Rs. 6666.67.
CSS - PMS - CCE - PCS - Mathematics Simple Interest
What is the amount on Rs. 4000 at 10% simple interest per annum for 1 years?
A. Rs. 400
B. Rs. 4410
C. Rs. 4400
D. Rs. 3600
Correct Answer: C
SI = Rs. 400; amount = principal + SI = Rs. 4400.
CSS - PMS - CCE - PCS - Mathematics Simple Interest
Find the simple interest on Rs. 3500 at 9% per annum for 6 years.
A. Rs. 5390
B. Rs. 315
C. Rs. 1899
D. Rs. 1890
Correct Answer: D
SI = PRT/100 = 3500×9×6/100 = Rs. 1890.
CSS - PMS - CCE - PCS - Mathematics Simple Interest
How long will Rs. 3000 take to earn Rs. 1200 at 8% simple interest per annum?
A. 5 years
B. 0.4 years
C. 8 years
D. 6 years
Correct Answer: A
T = SI×100/(P×R) = 1200×100/(3000×8) = 5 years.
CSS - PMS - CCE - PCS - Mathematics Simple Interest
Rs. 2500 yields Rs. 700 simple interest in 4 years. What is the annual rate?
A. 7%
B. 4%
C. 9%
D. 6%
Correct Answer: A
R = SI×100/(P×T) = 700×100/(2500×4) = 7%.
CSS - PMS - CCE - PCS - Mathematics Simple Interest
A sum earns Rs. 700 as simple interest in 3 years at 7% per annum. What is the principal?
A. Rs. 4033.33
B. Rs. 3333.33
C. Rs. 147
D. Rs. 700
Correct Answer: B
P = SI×100/(R×T) = 700×100/(7×3) = Rs. 3333.33.
CSS - PMS - CCE - PCS - Mathematics Simple Interest
What is the amount on Rs. 1500 at 5% simple interest per annum for 2 years?
A. Rs. 150
B. Rs. 1350
C. Rs. 1650
D. Rs. 1655
Correct Answer: C
SI = Rs. 150; amount = principal + SI = Rs. 1650.
CSS - PMS - CCE - PCS - Mathematics Simple Interest
Find the simple interest on Rs. 1000 at 4% per annum for 1 years.
A. Rs. 1040
B. Rs. 44
C. Rs. 40
D. Rs. 40-1
Correct Answer: C
SI = PRT/100 = 1000×4×1/100 = Rs. 40.
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