97 + Mcqs in General in Simple Interest Page 1 McqOptions

1.	At what rate percent of simple interest will a sum of money double itself in 12 years?
A.	8 1/4 %
B.	8 1/3 %
C.	8 1/2 %
D.	9 1/2 %
Answer» C. 8 1/2 %

Discussion

2.	A sum of money lent out at S.I. amounts to Rs. 720 after 2 years and to Rs. 1020 after a further period of 5 years. The sum is?
A.	Rs. 500
B.	Rs. 600
C.	Rs. 700
D.	Rs. 710
Answer» C. Rs. 700

Discussion

3.	A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is?
A.	5%
B.	8%
C.	12%
D.	15%
Answer» D. 15%

Discussion

4.	Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8160, how much money did he borrow?
A.	Rs. 8000
B.	Rs. 10000
C.	Rs. 12000
D.	Data inadequate
Answer» B. Rs. 10000

Discussion

5.	A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is?
A.	Rs. 650
B.	Rs. 690
C.	Rs. 698
D.	Rs. 700
Answer» D. Rs. 700

Discussion

6.	An automobile financier claims to be lending money at S.I., but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes?
A.	10%
B.	10.25%
C.	10.5%
D.	None of these
Answer» C. 10.5%

Discussion

7.	Rs. 800 becomes Rs. 956 in 3 years at a rate of S.I. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years?
A.	Rs. 1020.80
B.	Rs. 1025
C.	Rs. 1052
D.	None of these
Answer» D. None of these

Discussion

8.	A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9% p.a. in 5 years. What is the sum?
A.	Rs. 4462.50
B.	Rs. 8032.50
C.	Rs. 8900
D.	Rs. 8925
Answer» E.

Discussion

9.	A man took loan from a bank at the rate of 12% p.a. S.I. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was?
A.	Rs. 2000
B.	Rs. 10000
C.	Rs. 15000
D.	Rs. 20000
Answer» D. Rs. 20000

Discussion

10.	What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum?
A.	Rs. 112
B.	Rs. 118.80
C.	Rs. 120
D.	Rs. 122
Answer» D. Rs. 122

Discussion

11.	A sum of Rs. 125000 amounts to Rs. 15500 in 4 years at the rate of simple interest. What is the rate of interest?
A.	3%
B.	4%
C.	5%
D.	6%
Answer» E.

Discussion

12.	How much time will take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
A.	3.5 years
B.	4 years
C.	4.5 years
D.	5 years
Answer» C. 4.5 years

Discussion

13.	Rs.4500 amounts to Rs.5544 in two years at compound interest, compounded annually. If the rate of the interest for the first year is 12%, find the rate of interest for the second year?
A.	10%
B.	12%
C.	15%
D.	20%
Answer» B. 12%

Discussion

14.	The simple interest accrued on an amount Rs.10,000 at the end of two years is same as the compound interest on Rs.8,000 at the end of two years. The rate of interest is same in both the cases. What is the rate of interest?
A.	100% p.a.
B.	200% p.a.
C.	300% p.a
D.	50% p.a.
Answer» E.

Discussion

15.	In 4 years the simple interest on certain sum of money is 9/25 of the principal. The annual rate of interest is
A.	4%
B.	4(1/2)%
C.	9%
D.	10%
Answer» D. 10%

Discussion

16.	A certain sum of money is invested for one year at a certain rate of simple interest. If the rate of interest is 3% higher, then the invest earned will be 25% more than the interest earned earlier. What is the earlier rate of interest?
A.	4% p.a.
B.	6% p.a.
C.	8% p.a.
D.	12% p.a.
Answer» E.

Discussion

17.	If simple interest for 2 years for a sum is Rs. 600 and compound interest for the same sum for 2 years and same rate of interest is Rs. 645, what will be the rate of interest?
A.	10%
B.	15%
C.	30%
D.	5%
Answer» C. 30%

Discussion

18.	Aman invests Rs. 8000 at some rate of interest. Being simple interest the money doubles in 5 years. Raj sees this and invests Rs. 6250 for 3 years at same rate of interest. How much interest does Raj get?
A.	Rs. 3750
B.	Rs. 6250
C.	Rs. 3125
D.	Rs. 4250
Answer» B. Rs. 6250

Discussion

19.	Guddi invested some money in a bank at rate of 6% per annum. At simple interest, after 9 years, she got Rs. 8470. How much did she invest?
A.	5250
B.
C.	C.
D.	D.
Answer» E.

Discussion

20.	Aman got a salary of Rs. 8600. The salary was invested by him in two parts. Find the difference between the two parts of his salary, if in first part he got some simple interest at 15% per annum in 4 years, which was same as the second part which he invested at 20% for 3 years.
A.	Rs. 0
B.	Rs. 2400
C.	Rs. 100
D.	Rs. 4500
Answer» B. Rs. 2400

Discussion

21.	Ram gets Rs. 2600 for Rs. 2000 in 5 years at some rate of simple interest. Had he invested in other places where rate of simple interest is 3% more than current rate, how much would have Ram got in same time?
A.	2900
B.	3000
C.	3100
D.	2800
Answer» B. 3000

Discussion

22.	Find the simple interest on Rs. 78000 at 15(2/5) % per annum for 9 months.
A.	Rs. 7804
B.	Rs. 8979
C.	Rs. 8046
D.	Rs. 9009
Answer» E.

Discussion

23.	What is the minimum number of years upon which SI on Rs 2600 at 6.67% interest rate will be in whole number?
A.	2
B.	3
C.	4
D.	5
Answer» C. 4

Discussion

24.	Simple interest at x% for x years will come out to be Rs x on a sum of Rs?
A.	x
B.	100/x
C.	100/x2
D.	100x
Answer» C. 100/x2

Discussion

25.	What time will be taken by an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
A.	2 years
B.	1 years
C.	3 years
D.	4 years
Answer» B. 1 years

Discussion

26.	A certain sum earns simple interest of Rs. 800 in 2 years at a certain rate of interest. If the same sum earns compound interest of Rs. 845 in the same period of 2 years, What must be the rate of interest?
A.	5% p.a.
B.	7.5% p.a.
C.	10% p.a.
D.	12.5% p.a.
Answer» D. 12.5% p.a.

Discussion

27.	In how many years, Rs. 200 will produce the same interest @ 5 % as Rs. 900 produce in 2 years @ 3 %?
A.	6.3 years
B.	8.2 years
C.	9 years
D.	12 years
Answer» B. 8.2 years

Discussion

28.	Mr. Karan borrowed a certain amount at 6% per annum simple interest for 9 years. After 9 years, he returned Rs. 8110/-. Find out the amount that he borrowed.
A.	Rs. 4,900
B.	Rs. 5,000
C.	Rs. 5,100
D.	Rs. 5266
Answer» E.

Discussion

29.	A sum of Rs. 4000 amounts to Rs. 4600 in 5 years at a certain rate of simple interest. What would be the amount, if the rate of interest is increased by 3 %.
A.	Rs. 4900
B.	Rs. 5000
C.	Rs. 5200
D.	Rs. 5600
Answer» D. Rs. 5600

Discussion

30.	Find the principal which yields a simple interest of Rs. 20 and compound interest of Rs. 21 in two years, at the same percent rate per annum?
A.	Rs. 520
B.	Rs. 480
C.	Rs. 420
D.	Rs. 200
Answer» E.

Discussion

31.	Akhil borrowed a certain sum of money at the rate of 6%, 9% and 14% for a period of first two years, next three years and beyond the period of five years respectively. If at the end of nine years, he paid Rs. 8550 as interest, then find the sum of money he had borrowed.
A.	Rs. 9,000
B.	Rs.14,000
C.	Rs.15,000
D.	Rs.18,000
Answer» B. Rs.14,000

Discussion

32.	A man got Rs. 130 less, as simple interest, when he invested Rs. 2000 for 4 years as compared to investing Rs. 2250 for same duration. What is the rate of interest?
A.	12%
B.	13%
C.	12.5%
D.	10.50%
Answer» C. 12.5%

Discussion

33.	1/5 part of an amount was given at 3% simple interest, 1/3 part was given at 5% simple interest, 2/5 parts at 9% simple interest and remaining part at 11% simple interest. The total interest received was Rs.297. How much amount was originally given?
A.	4500
B.	5500
C.	3950
D.	4200
Answer» B. 5500

Discussion

34.	Rs. 20400 was divided in two parts and then invested. One part invested at 6.25% for 8 years yields the same interest as the other part invested at 7% for 5 years. What is the value of smaller part?
A.	9600
B.	8400
C.	10100
D.	6500
Answer» C. 10100

Discussion

35.	A TV can be bought for Rs. 20000 cash or by paying in four equal monthly installments with an initial down payment of Rs. 4000. If the rate of interest for this facility is 8% per annum, then what would be the installment charged for each month?
A.	Rs. 4000
B.	Rs. 4106.67
C.	Rs. 4050.33
D.	Rs. 4066.01
Answer» E.

Discussion

36.	An amount of Rs. 6500, at simple quarterly interest of 8%, will yield how much in 2 and half years?
A.	Rs. 6300
B.	Rs. 7050
C.	Rs. 6600
D.	Rs. 7800
Answer» E.

Discussion

37.	How much should be the annual installment to completely pay off a debt of Rs. 1078 in 6 years at 9% per annum rate of interest?
A.	Rs.146.35
B.	Rs.156.25
C.	Rs.126.55
D.	Rs.118.35
Answer» B. Rs.156.25

Discussion

38.	In 40 years an amount becomes 6 times the original amount. What is the rate of interest?
A.	12.5%
B.	24%
C.	6.67%
D.	34%
Answer» B. 24%

Discussion

39.	A sum becomes Rs. 3000 at the rate of 12% per annum (simple interest). The same sum becomes Rs. 3300 at the rate of 15% per annum (simple interest) in the same duration. Find the sum and the duration.
A.	Rs. 2000 and 20 years
B.	Rs. 1900 and 8.25 years
C.	Rs. 1500 and 7 years
D.	Rs. 1800 and 5.5 years
Answer» E.

Discussion

40.	An amount becomes 7 times in 15 years. In how many years will the same amount become 10 times? The rate of interest remains the same for both cases.
A.	20 years
B.	18.75 years
C.	22.50 years
D.	21.50 years
Answer» D. 21.50 years

Discussion

41.	If simple interest on a certain sum for 15 months at 7(1/2) % per annum exceeds the simple interest on the same sum for 8 months at 12(1/2)% per annum by Rs. 32.50, then the sum (in Rs.) is
A.	312
B.	312.50
C.	3120
D.	3120.50
Answer» D. 3120.50

Discussion

42.	Raman paid Rs. 11400 as interest after 9 years. He had borrowed some money at rate of 6% for first two years, 9% for next three years and 14% for rest of the period. How much money did he borrow?
A.	10000
B.	15000
C.	12000
D.	12500
Answer» D. 12500

Discussion

43.	Suresh for 2 years invested Rs. 500 in SBI. He also invested Rs. 300 in ICICI for 4 years. At the end he received Rs. 220 from both banks as simple interest. What must have been rate of interest?
A.	10%
B.	12%
C.	11%
D.	5.5%
Answer» B. 12%

Discussion

44.	Kabir paid Rs. 9600 as interest on a loan he took 5 years ago at 16% rate of simple interest. What was the amount he took as loan?
A.	16400
B.	12000
C.	12500
D.	18000
Answer» C. 12500

Discussion

45.	Sam borrowed some money from his friend at simple interest of 6% per annum. He returned his friend Rs. 15600. After how much time did Sam return the money if he borrowed Rs. 12000?
A.	8 years
B.	2.5 years
C.	5 years
D.	3.5 years
Answer» D. 3.5 years

Discussion

46.	Rs.800 amounts to Rs.920 in 3 years at simple interest. If the interest is increased by 3%, it would amount to how much?
A.	Rs.1056
B.	Rs.1112
C.	Rs.1182
D.	Rs.992
Answer» E.

Discussion

47.	If Rs.450 amount to Rs.540 in 4 years, what will it amount to in 6 years at the same rate % per annum?
A.	Rs.575
B.	Rs.675
C.	Rs.585
D.	Rs.685
Answer» D. Rs.685

Discussion

48.	A person lent a certain sum of money at 4% per annum at simple interest and in 8 years the interest amounted to Rs.340 less than the sum lent. What was the sum lent?
A.	Rs.400
B.	Rs.450
C.	Rs.550
D.	Rs.500
Answer» E.

Discussion

49.	If A lends Rs.3500 to B at 10% per annum and B lends the same sum to C at 11.5% per annum then the gain of B in a period of 3 years is?
A.	Rs.107.50
B.	Rs.115.50
C.	Rs.157.50
D.	Rs.177.50
Answer» D. Rs.177.50

Discussion

50.	The equal amounts of money are deposited in two banks each at 15% per annum for 3.5 years and 5 years respectively. If the difference between their interests is Rs.144, find the each sum?
A.	Rs.3467
B.	Rs.640
C.	Rs.500
D.	None
Answer» C. Rs.500

Discussion

Explore topic-wise MCQs in SIMPLE INTEREST.

At what rate percent of simple interest will a sum of money double itself in 12 years?

A sum of money lent out at S.I. amounts to Rs. 720 after 2 years and to Rs. 1020 after a further period of 5 years. The sum is?

A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is?

Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8160, how much money did he borrow?

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is?

An automobile financier claims to be lending money at S.I., but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes?

Rs. 800 becomes Rs. 956 in 3 years at a rate of S.I. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years?

A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9% p.a. in 5 years. What is the sum?

A man took loan from a bank at the rate of 12% p.a. S.I. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was?

What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum?

A sum of Rs. 125000 amounts to Rs. 15500 in 4 years at the rate of simple interest. What is the rate of interest?

How much time will take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

Rs.4500 amounts to Rs.5544 in two years at compound interest, compounded annually. If the rate of the interest for the first year is 12%, find the rate of interest for the second year?

The simple interest accrued on an amount Rs.10,000 at the end of two years is same as the compound interest on Rs.8,000 at the end of two years. The rate of interest is same in both the cases. What is the rate of interest?

In 4 years the simple interest on certain sum of money is 9/25 of the principal. The annual rate of interest is

A certain sum of money is invested for one year at a certain rate of simple interest. If the rate of interest is 3% higher, then the invest earned will be 25% more than the interest earned earlier. What is the earlier rate of interest?

If simple interest for 2 years for a sum is Rs. 600 and compound interest for the same sum for 2 years and same rate of interest is Rs. 645, what will be the rate of interest?

Aman invests Rs. 8000 at some rate of interest. Being simple interest the money doubles in 5 years. Raj sees this and invests Rs. 6250 for 3 years at same rate of interest. How much interest does Raj get?

Guddi invested some money in a bank at rate of 6% per annum. At simple interest, after 9 years, she got Rs. 8470. How much did she invest?

Aman got a salary of Rs. 8600. The salary was invested by him in two parts. Find the difference between the two parts of his salary, if in first part he got some simple interest at 15% per annum in 4 years, which was same as the second part which he invested at 20% for 3 years.

Ram gets Rs. 2600 for Rs. 2000 in 5 years at some rate of simple interest. Had he invested in other places where rate of simple interest is 3% more than current rate, how much would have Ram got in same time?

Find the simple interest on Rs. 78000 at 15(2/5) % per annum for 9 months.

What is the minimum number of years upon which SI on Rs 2600 at 6.67% interest rate will be in whole number?

Simple interest at x% for x years will come out to be Rs x on a sum of Rs?

What time will be taken by an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

A certain sum earns simple interest of Rs. 800 in 2 years at a certain rate of interest. If the same sum earns compound interest of Rs. 845 in the same period of 2 years, What must be the rate of interest?

In how many years, Rs. 200 will produce the same interest @ 5 % as Rs. 900 produce in 2 years @ 3 %?

Mr. Karan borrowed a certain amount at 6% per annum simple interest for 9 years. After 9 years, he returned Rs. 8110/-. Find out the amount that he borrowed.

A sum of Rs. 4000 amounts to Rs. 4600 in 5 years at a certain rate of simple interest. What would be the amount, if the rate of interest is increased by 3 %.

Find the principal which yields a simple interest of Rs. 20 and compound interest of Rs. 21 in two years, at the same percent rate per annum?

Akhil borrowed a certain sum of money at the rate of 6%, 9% and 14% for a period of first two years, next three years and beyond the period of five years respectively. If at the end of nine years, he paid Rs. 8550 as interest, then find the sum of money he had borrowed.

A man got Rs. 130 less, as simple interest, when he invested Rs. 2000 for 4 years as compared to investing Rs. 2250 for same duration. What is the rate of interest?

1/5 part of an amount was given at 3% simple interest, 1/3 part was given at 5% simple interest, 2/5 parts at 9% simple interest and remaining part at 11% simple interest. The total interest received was Rs.297. How much amount was originally given?

Rs. 20400 was divided in two parts and then invested. One part invested at 6.25% for 8 years yields the same interest as the other part invested at 7% for 5 years. What is the value of smaller part?

A TV can be bought for Rs. 20000 cash or by paying in four equal monthly installments with an initial down payment of Rs. 4000. If the rate of interest for this facility is 8% per annum, then what would be the installment charged for each month?

An amount of Rs. 6500, at simple quarterly interest of 8%, will yield how much in 2 and half years?

How much should be the annual installment to completely pay off a debt of Rs. 1078 in 6 years at 9% per annum rate of interest?

In 40 years an amount becomes 6 times the original amount. What is the rate of interest?

A sum becomes Rs. 3000 at the rate of 12% per annum (simple interest). The same sum becomes Rs. 3300 at the rate of 15% per annum (simple interest) in the same duration. Find the sum and the duration.

An amount becomes 7 times in 15 years. In how many years will the same amount become 10 times? The rate of interest remains the same for both cases.

If simple interest on a certain sum for 15 months at 7(1/2) % per annum exceeds the simple interest on the same sum for 8 months at 12(1/2)% per annum by Rs. 32.50, then the sum (in Rs.) is

Raman paid Rs. 11400 as interest after 9 years. He had borrowed some money at rate of 6% for first two years, 9% for next three years and 14% for rest of the period. How much money did he borrow?

Suresh for 2 years invested Rs. 500 in SBI. He also invested Rs. 300 in ICICI for 4 years. At the end he received Rs. 220 from both banks as simple interest. What must have been rate of interest?

Kabir paid Rs. 9600 as interest on a loan he took 5 years ago at 16% rate of simple interest. What was the amount he took as loan?

Sam borrowed some money from his friend at simple interest of 6% per annum. He returned his friend Rs. 15600. After how much time did Sam return the money if he borrowed Rs. 12000?

Rs.800 amounts to Rs.920 in 3 years at simple interest. If the interest is increased by 3%, it would amount to how much?

If Rs.450 amount to Rs.540 in 4 years, what will it amount to in 6 years at the same rate % per annum?

A person lent a certain sum of money at 4% per annum at simple interest and in 8 years the interest amounted to Rs.340 less than the sum lent. What was the sum lent?

If A lends Rs.3500 to B at 10% per annum and B lends the same sum to C at 11.5% per annum then the gain of B in a period of 3 years is?

The equal amounts of money are deposited in two banks each at 15% per annum for 3.5 years and 5 years respectively. If the difference between their interests is Rs.144, find the each sum?