Simple Interest MCQs: Practice Questions and Answers

Find the simple interest on a principal amount of Rs.1,500 at an interest rate of 5% per annum for 3 years.
a) Rs.225
b) Rs.450
c) Rs.375
d) Rs.500

Answer: c) Rs.375

The simple interest on a certain amount at 8% per annum for 4 years is Rs.480. Find the principal amount.
a) Rs.600
b) Rs.800
c) Rs.1,200
d) Rs.1,500

Answer: c) Rs.1,200

A sum of money becomes Rs.4,000 in 5 years at a simple interest rate of 10% per annum. What was the principal amount?
a) Rs.3,000
b) Rs.3,500
c) Rs.3,600
d) Rs.3,800

Answer: c) Rs.3,600

Find the rate of interest when the principal amount of Rs.2,500 becomes Rs.3,000 in 2 years.
a) 6%
b) 8%
c) 10%
d) 12%

Answer: c) 10%

The simple interest on Rs.5,000 at a certain rate per annum for 3 years is Rs.900. Find the rate of interest.
a) 4%
b) 5%
c) 6%
d) 7%

Answer: b) 5%

A person borrowed Rs.8,000 from a bank at an annual simple interest rate of 6%. If he repaid Rs.9,200 at the end of 3 years, find the rate at which he repaid the amount.
a) 7%
b) 8%
c) 9%
d) 10%

Answer: d) 10%

A sum of money doubles itself in 8 years at a certain rate of interest. Find the rate of interest.
a) 8%
b) 10%
c) 12%
d) 14%

Answer: a) 8%

The simple interest on a certain amount at 9% per annum for 2 years is Rs.360. Find the principal amount.
a) Rs.2,000
b) Rs.2,200
c) Rs.2,400
d) Rs.2,600

Answer: c) Rs.2,400

Find the time required for a principal amount of Rs.4,500 to earn a simple interest of Rs.900 at a rate of 8% per annum.
a) 2 years
b) 3 years
c) 4 years
d) 5 years

Answer: a) 2 years

A sum of money amounts to Rs.7,500 in 4 years at a simple interest rate of 6% per annum. Find the principal amount.
a) Rs.6,500
b) Rs.6,750
c) Rs.6,900
d) Rs.7,000

Answer: b) Rs.6,750

What will be the simple interest on Rs.2,000 at 12% per annum for 5 years?
a) Rs.1,000
b) Rs.1,200
c) Rs.1,500
d) Rs.2,400

Answer: b) Rs.1,200

A certain sum of money at 8% per annum amounts to Rs.3,400 in 5 years. Find the principal amount.
a) Rs.2,500
b) Rs.2,800
c) Rs.3,000
d) Rs.3,200

Answer: c) Rs.3,000

The simple interest on Rs.2,000 in 3 years is the same as the simple interest on Rs.2,500 in 4 years. Find the rate of interest.
a) 4%
b) 5%
c) 6%
d) 7%

Answer: b) 5%

A principal amount of Rs.5,000 amounts to Rs.5,600 in 2 years. Find the rate of interest.
a) 4%
b) 6%
c) 8%
d) 10%

Answer: c) 8%

The simple interest on Rs.1,200 in 4 years is Rs.240. Find the rate of interest.
a) 4%
b) 5%
c) 6%
d) 8%

Answer: a) 4%

Find the time required for a principal amount of Rs.2,000 to earn a simple interest of Rs.400 at a rate of 5% per annum.
a) 1 year
b) 2 years
c) 3 years
d) 4 years

Answer: c) 3 years

A sum of money becomes Rs.2,400 in 3 years at a simple interest rate of 10% per annum. What was the principal amount?
a) Rs.2,000
b) Rs.2,200
c) Rs.2,300
d) Rs.2,500

Answer: b) Rs.2,200

The simple interest on Rs.3,500 at a certain rate per annum for 4 years is Rs.560. Find the rate of interest.
a) 3%
b) 4%
c) 5%
d) 6%

Answer: d) 6%

A person borrowed Rs.6,000 from a bank at an annual simple interest rate of 7%. If he repaid Rs.6,840 at the end of 2 years, find the rate at which he repaid the amount.
a) 8%
b) 9%
c) 10%
d) 11%

Answer: b) 9%

A sum of money amounts to Rs.9,000 in 6 years at a simple interest rate of 8% per annum. Find the principal amount.
a) Rs.7,500
b) Rs.7,800
c) Rs.8,000
d) Rs.8,500

Answer: d) Rs.8,500

What will be the simple interest on Rs.1,500 at 10% per annum for 6 years?
a) Rs.900
b) Rs.1,000
c) Rs.1,200
d) Rs.1,500

Answer: c) Rs.1,200

A certain sum of money at 12% per annum amounts to Rs.4,800 in 4 years. Find the principal amount.
a) Rs.3,000
b) Rs.3,200
c) Rs.3,500
d) Rs.4,000

Answer: c) Rs.3,500

The simple interest on Rs.2,500 in 3 years is the same as the simple interest on Rs.3,000 in 4 years. Find the rate of interest.
a) 5%
b) 6%
c) 7%
d) 8%

Answer: a) 5%

A principal amount of Rs.4,000 amounts to Rs.4,800 in 3 years. Find the rate of interest.
a) 4%
b) 6%
c) 8%
d) 10%

Answer: c) 8%

The simple interest on Rs.1,800 in 4 years is Rs.360. Find the rate of interest.
a) 4%
b) 5%
c) 6%
d) 9%

Answer: b) 5%

Find the time required for a principal amount of Rs.3,000 to earn a simple interest of Rs.600 at a rate of 6% per annum.
a) 1 year
b) 2 years
c) 3 years
d) 4 years

Answer: c) 3 years

A sum of money becomes Rs.3,600 in 4 years at a simple interest rate of 9% per annum. What was the principal amount?
a) Rs.3,000
b) Rs.3,200
c) Rs.3,300
d) Rs.3,500

Answer: c) Rs.3,300

The simple interest on Rs.2,800 at a certain rate per annum for 4 years is Rs.448. Find the rate of interest.
a) 2%
b) 3%
c) 4%
d) 5%

Answer: c) 4%

A person borrowed Rs.5,000 from a bank at an annual simple interest rate of 7%. If he repaid Rs.5,700 at the end of 2 years, find the rate at which he repaid the amount.
a) 9%
b) 10%
c) 11%
d) 12%

Answer: c) 11%

A sum of money amounts to Rs.8,000 in 5 years at a simple interest rate of 8% per annum. Find the principal amount.
a) Rs.6,500
b) Rs.6,800
c) Rs.7,000
d) Rs.7,500

Answer: b) Rs.6,800

What will be the simple interest on Rs.2,200 at 8% per annum for 5 years?
a) Rs.800
b) Rs.900
c) Rs.1,000
d) Rs.1,100

Answer: a) Rs.800

A certain sum of money at 10% per annum amounts to Rs.3,500 in 5 years. Find the principal amount.
a) Rs.2,500
b) Rs.2,800
c) Rs.3,000
d) Rs.3,200

Answer: c) Rs.3,000

The simple interest on Rs.1,500 in 3 years is the same as the simple interest on Rs.2,000 in 4 years. Find the rate of interest.
a) 6%
b) 7%
c) 8%
d) 9%

Answer: b) 7%

A principal amount of Rs.3,500 amounts to Rs.3,850 in 2 years. Find the rate of interest.
a) 4%
b) 5%
c) 6%
d) 7%

Answer: c) 6%

The simple interest on Rs.900 in 4 years is Rs.144. Find the rate of interest.
a) 4%
b) 6%
c) 8%
d) 10%

Answer: d) 10%

Find the time required for a principal amount of Rs.2,500 to earn a simple interest of Rs.500 at a rate of 8% per annum.
a) 1 year
b) 2 years
c) 3 years
d) 4 years

Answer: b) 2 years

A sum of money becomes Rs.4,000 in 3 years at a simple interest rate of 12% per annum. What was the principal amount?
a) Rs.3,000
b) Rs.3,200
c) Rs.3,300
d) Rs.3,500

Answer: c) Rs.3,300

The simple interest on Rs.2,400 at a certain rate per annum for 3 years is Rs.432. Find the rate of interest.
a) 4%
b) 6%
c) 8%
d) 10%

Answer: b) 6%

A person borrowed Rs.4,000 from a bank at an annual simple interest rate of 9%. If he repaid Rs.4,500 at the end of 2 years, find the rate at which he repaid the amount.
a) 10%
b) 11%
c) 12%
d) 13%

Answer: c) 12%

A sum of money amounts to Rs.6,000 in 4 years at a simple interest rate of 7% per annum. Find the principal amount.
a) Rs.5,000
b) Rs.5,200
c) Rs.5,400
d) Rs.5,800

Answer: b) Rs.5,200

What will be the simple interest on Rs.1,800 at 9% per annum for 5 years?
a) Rs.720
b) Rs.810
c) Rs.900
d) Rs.990

Answer: b) Rs.810

A certain sum of money at 11% per annum amounts to Rs.2,750 in 4 years. Find the principal amount.
a) Rs.1,800
b) Rs.1,900
c) Rs.2,000
d) Rs.2,100

Answer: d) Rs.2,100

The simple interest on Rs.2,000 in 3 years is the same as the simple interest on Rs.2,500 in 4 years. Find the rate of interest.
a) 4%
b) 5%
c) 6%
d) 7%

Answer: b) 5%

A principal amount of Rs.3,000 amounts to Rs.3,300 in 2 years. Find the rate of interest.
a) 6%
b) 7%
c) 8%
d) 9%

Answer: c) 8%

The simple interest on Rs.1,200 in 4 years is Rs.240. Find the rate of interest.
a) 4%
b) 5%
c) 6%
d) 9%

Answer: b) 5%

Find the time required for a principal amount of Rs.2,000 to earn a simple interest of Rs.400 at a rate of 5% per annum.
a) 1 year
b) 2 years
c) 3 years
d) 4 years

Answer: c) 3 years

A sum of money becomes Rs.3,600 in 4 years at a simple interest rate of 9% per annum. What was the principal amount?
a) Rs.3,000
b) Rs.3,200
c) Rs.3,300
d) Rs.3,500

Answer: c) Rs.3,300

The simple interest on Rs.2,800 at a certain rate per annum for 4 years is Rs.448. Find the rate of interest.
a) 2%
b) 3%
c) 4%
d) 5%

Answer: c) 4%

A person borrowed Rs.5,000 from a bank at an annual simple interest rate of 7%. If he repaid Rs.5,700 at the end of 2 years, find the rate at which he repaid the amount.
a) 9%
b) 10%
c) 11%
d) 12%

Answer: c) 11%

A sum of money amounts to Rs.8,000 in 5 years at a simple interest rate of 8% per annum. Find the principal amount.
a) Rs.6,500
b) Rs.6,800
c) Rs.7,000
d) Rs.7,500

Answer: b) Rs.6,800

What will be the simple interest on Rs.2,200 at 8% per annum for 5 years?
a) Rs.800
b) Rs.900
c) Rs.1,000
d) Rs.1,100

Answer: a) Rs.800

A certain sum of money at 10% per annum amounts to Rs.3,500 in 5 years. Find the principal amount.
a) Rs.2,500
b) Rs.2,800
c) Rs.3,000
d) Rs.3,200

Answer: c) Rs.3,000

The simple interest on Rs.1,500 in 3 years is the same as the simple interest on Rs.2,000 in 4 years. Find the rate of interest.
a) 6%
b) 7%
c) 8%
d) 9%

Answer: b) 7%

A principal amount of Rs.3,500 amounts to Rs.3,850 in 2 years. Find the rate of interest.
a) 4%
b) 5%
c) 6%
d) 7%

Answer: c) 6%

The simple interest on Rs.900 in 4 years is Rs.144. Find the rate of interest.
a) 4%
b) 6%
c) 8%
d) 10%

Answer: d) 10%

Find the time required for a principal amount of Rs.2,500 to earn a simple interest of Rs.500 at a rate of 8% per annum.
a) 1 year
b) 2 years
c) 3 years
d) 4 years

Answer: b) 2 years

A sum of money becomes Rs.4,000 in 3 years at a simple interest rate of 12% per annum. What was the principal amount?
a) Rs.3,000
b) Rs.3,200
c) Rs.3,300
d) Rs.3,500

Answer: c) Rs.3,300

The simple interest on Rs.2,400 at a certain rate per annum for 3 years is Rs.432. Find the rate of interest.
a) 4%
b) 6%
c) 8%
d) 10%

Answer: b) 6%

A person borrowed Rs.4,000 from a bank at an annual simple interest rate of 9%. If he repaid Rs.4,500 at the end of 2 years, find the rate at which he repaid the amount.
a) 10%
b) 11%
c) 12%
d) 13%

Answer: c) 12%

A sum of money amounts to Rs.6,000 in 4 years at a simple interest rate of 7% per annum. Find the principal amount.
a) Rs.5,000
b) Rs.5,200
c) Rs.5,400
d) Rs.5,800

Answer: b) Rs.5,200

What will be the simple interest on Rs.1,800 at 9% per annum for 5 years?
a) Rs.720
b) Rs.810
c) Rs.900
d) Rs.990

Answer: b) Rs.810

A certain sum of money at 11% per annum amounts to Rs.2,750 in 4 years. Find the principal amount.
a) Rs.1,800
b) Rs.1,900
c) Rs.2,000
d) Rs.2,100

Answer: d) Rs.2,100

The simple interest on Rs.2,000 in 3 years is the same as the simple interest on Rs.2,500 in 4 years. Find the rate of interest.
a) 4%
b) 5%
c) 6%
d) 7%

Answer: b) 5%

A principal amount of Rs.3,000 amounts to Rs.3,300 in 2 years. Find the rate of interest.
a) 6%
b) 7%
c) 8%
d) 9%

Answer: c) 8%

The simple interest on Rs.1,200 in 4 years is Rs.240. Find the rate of interest.
a) 4%
b) 5%
c) 6%
d) 9%

Answer: b) 5%

Find the time required for a principal amount of Rs.2,000 to earn a simple interest of Rs.400 at a rate of 5% per annum.
a) 1 year
b) 2 years
c) 3 years
d) 4 years

Answer: c) 3 years

A sum of money becomes Rs.3,600 in 4 years at a simple interest rate of 9% per annum. What was the principal amount?
a) Rs.3,000
b) Rs.3,200
c) Rs.3,300
d) Rs.3,500

Answer: c) Rs.3,300

The simple interest on Rs.2,800 at a certain rate per annum for 4 years is Rs.448. Find the rate of interest.
a) 2%
b) 3%
c) 4%
d) 5%

Answer: c) 4%

A person borrowed Rs.5,000 from a bank at an annual simple interest rate of 7%. If he repaid Rs.5,700 at the end of 2 years, find the rate at which he repaid the amount.
a) 9%
b) 10%
c) 11%
d) 12%

Answer: c) 11%

A sum of money amounts to Rs.8,000 in 5 years at a simple interest rate of 8% per annum. Find the principal amount.
a) Rs.6,500
b) Rs.6,800
c) Rs.7,000
d) Rs.7,500

Answer: b) Rs.6,800

What will be the simple interest on Rs.2,200 at 8% per annum for 5 years?
a) Rs.800
b) Rs.900
c) Rs.1,000
d) Rs.1,100

Answer: a) Rs.800

A certain sum of money at 10% per annum amounts to Rs.3,500 in 5 years. Find the principal amount.
a) Rs.2,500
b) Rs.2,800
c) Rs.3,000
d) Rs.3,200

Answer: c) Rs.3,000

The simple interest on Rs.1,500 in 3 years is the same as the simple interest on Rs.2,000 in 4 years. Find the rate of interest.
a) 6%
b) 7%
c) 8%
d) 9%

Answer: b) 7%

A principal amount of Rs.3,500 amounts to Rs.3,850 in 2 years. Find the rate of interest.
a) 4%
b) 5%
c) 6%
d) 7%

Answer: c) 6%

The simple interest on Rs.900 in 4 years is Rs.144. Find the rate of interest.
a) 4%
b) 6%
c) 8%
d) 10%

Answer: d) 10%

Find the time required for a principal amount of Rs.2,500 to earn a simple interest of Rs.500 at a rate of 8% per annum.
a) 1 year
b) 2 years
c) 3 years
d) 4 years

Answer: b) 2 years

A sum of money becomes Rs.4,000 in 3 years at a simple interest rate of 12% per annum. What was the principal amount?
a) Rs.3,000
b) Rs.3,200
c) Rs.3,300
d) Rs.3,500

Answer: c) Rs.3,300

The simple interest on Rs.2,400 at a certain rate per annum for 3 years is Rs.432. Find the rate of interest.
a) 4%
b) 6%
c) 8%
d) 10%

Answer: b) 6%

A person borrowed Rs.4,000 from a bank at an annual simple interest rate of 9%. If he repaid Rs.4,500 at the end of 2 years, find the rate at which he repaid the amount.
a) 10%
b) 11%
c) 12%
d) 13%

Answer: c) 12%

A sum of money amounts to Rs.6,000 in 4 years at a simple interest rate of 7% per annum. Find the principal amount.
a) Rs.5,000
b) Rs.5,200
c) Rs.5,400
d) Rs.5,800

Answer: b) Rs.5,200

What will be the simple interest on Rs.1,800 at 9% per annum for 5 years?
a) Rs.720
b) Rs.810
c) Rs.900
d) Rs.990

Answer: b) Rs.810

A certain sum of money at 11% per annum amounts to Rs.2,750 in 4 years. Find the principal amount.
a) Rs.1,800
b) Rs.1,900
c) Rs.2,000
d) Rs.2,100

Answer: d) Rs.2,100

The simple interest on Rs.2,000 in 3 years is the same as the simple interest on Rs.2,500 in 4 years. Find the rate of interest.
a) 4%
b) 5%
c) 6%
d) 7%

Answer: b) 5%

A principal amount of Rs.3,000 amounts to Rs.3,300 in 2 years. Find the rate of interest.
a) 6%
b) 7%
c) 8%
d) 9%

Answer: c) 8%

The simple interest on Rs.1,200 in 4 years is Rs.240. Find the rate of interest.
a) 4%
b) 5%
c) 6%
d) 9%

Answer: b) 5%

Find the time required for a principal amount of Rs.2,000 to earn a simple interest of Rs.400 at a rate of 5% per annum.
a) 1 year
b) 2 years
c) 3 years
d) 4 years

Answer: c) 3 years

A sum of money becomes Rs.3,600 in 4 years at a simple interest rate of 9% per annum. What was the principal amount?
a) Rs.3,000
b) Rs.3,200
c) Rs.3,300
d) Rs.3,500

Answer: c) Rs.3,300

The simple interest on Rs.2,800 at a certain rate per annum for 4 years is Rs.448. Find the rate of interest.
a) 2%
b) 3%
c) 4%
d) 5%

Answer: c) 4%

A person borrowed Rs.5,000 from a bank at an annual simple interest rate of 7%. If he repaid Rs.5,700 at the end of 2 years, find the rate at which he repaid the amount.
a) 9%
b) 10%
c) 11%
d) 12%

Answer: c) 11%

A sum of money amounts to Rs.8,000 in 5 years at a simple interest rate of 8% per annum. Find the principal amount.
a) Rs.6,500
b) Rs.6,800
c) Rs.7,000
d) Rs.7,500

Answer: b) Rs.6,800

What will be the simple interest on Rs.2,200 at 8% per annum for 5 years?
a) Rs.800
b) Rs.900
c) Rs.1,000
d) Rs.1,100

Answer: a) Rs.800

A certain sum of money at 10% per annum amounts to Rs.3,500 in 5 years. Find the principal amount.
a) Rs.2,500
b) Rs.2,800
c) Rs.3,000
d) Rs.3,200

Answer: c) Rs.3,000

The simple interest on Rs.1,500 in 3 years is the same as the simple interest on Rs.2,000 in 4 years. Find the rate of interest.
a) 6%
b) 7%
c) 8%
d) 9%

Answer: b) 7%

A principal amount of Rs.3,500 amounts to Rs.3,850 in 2 years. Find the rate of interest.
a) 4%
b) 5%
c) 6%
d) 7%

Answer: c) 6%

The simple interest on Rs.900 in 4 years is Rs.144. Find the rate of interest.
a) 4%
b) 6%
c) 8%
d) 10%

Answer: d) 10%

Find the time required for a principal amount of Rs.2,500 to earn a simple interest of Rs.500 at a rate of 8% per annum.
a) 1 year
b) 2 years
c) 3 years
d) 4 years

Answer: b) 2 years

A sum of money becomes Rs.4,000 in 3 years at a simple interest rate of 12% per annum. What was the principal amount?
a) Rs.3,000
b) Rs.3,200
c) Rs.3,300
d) Rs.3,500

Answer: c) Rs.3,300

The simple interest on Rs.2,400 at a certain rate per annum for 3 years is Rs.432. Find the rate of interest.
a) 4%
b) 6%
c) 8%
d) 10%

Answer: b) 6%

A person borrowed Rs.4,000 from a bank at an annual simple interest rate of 9%. If he repaid Rs.4,500 at the end of 2 years, find the rate at which he repaid the amount.
a) 10%
b) 11%
c) 12%
d) 13%

Answer: c) 12%

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