42 + Mcqs in Simple Interest Page 1 McqOptions

1.	The sum lent at 5% per annum (i.e. 365 days) simple interest, that produces interest, ofRs.2.00 a day, is
A.	Rs. 1400
B.	Rs. 14700
C.	Rs. 14600
D.	Rs. 7300
Answer» D. Rs. 7300

Discussion

2.	A man lentRs.60,000, partly at 5% and the rest at 4% simple interest. If the total annual interest is Rs. 2560, the money lent at 4% was
A.	Rs. 40000
B.	Rs. 44000
C.	Rs. 30000
D.	Rs. 45000
Answer» C. Rs. 30000

Discussion

3.	A certain sum of money lent out at simple interest amount Rs.1380 in 3 years and Rs. 1500 in 5 years. Find the rate percent per annum.
A.	3%
B.	3.5%
C.	4%
D.	5%
Answer» E.

Discussion

4.	If a sum of money amounts to ₹ 12900 and ₹ 14250 at the end of 4th year and 5th year respectively a certain rate of simple interest, then the rate of interest is
A.	10%
B.	12%
C.	18%
D.	20%
Answer» D. 20%

Discussion

5.	In how many years will a sum of money double itself at 25/4 % simple interest per annum?
A.	24 years
B.	20 years
C.	16 years
D.	12 years
Answer» D. 12 years

Discussion

6.	A sum of money at a certain rate per annum of simple interest doubles in the 5 years and at a different rate become three times in 12 years. The lower rate of interest per annum is:
A.	15%
B.	20%
C.	15 3 % 4
D.	16 2 % 3
Answer» E.

Discussion

7.	What would be the simple interest obtained on an amount of Rs 64,728 at the rate of 10 p.c.p.a after 7 years?
A.	Rs 45309.6
B.	Rs 39214.2
C.	Rs 48077.5
D.	Rs 40223.1
Answer» B. Rs 39214.2

Discussion

8.	A sum of money becomes 3 times in 5 year. in how many year will be the same sum become 6 times at the same rate of simple interest?
A.	15 year
B.	12.5 year
C.	10 year
D.	7.5 year
Answer» C. 10 year

Discussion

9.	A sum of money lent on simple interest triples itself in 15 years and 6 months. In how many year will it be doubled?
A.	6 yr 3 months
B.	7 yr 9 months
C.	8 yr 3 months
D.	9 yr 6 months
Answer» C. 8 yr 3 months

Discussion

10.	At what rate per cent per annum calculated in simple interest will a sum of money double in 10 year?
A.	10%
B.	12%
C.	12.5%
D.	13.5%
Answer» B. 12%

Discussion

11.	In a certain time, a sum becomes 3 times at the rate of 5% per annum. At what rate of interest the same sum becomes 6 times in same duration?
A.	7%
B.	9%
C.	12.5%
D.	17%
Answer» D. 17%

Discussion

12.	S.I for a sum of 1550 for 2 years rupees 20 more than the S.I for 1450 for the same duration. Find the rate of interest.
A.	5%
B.	10%
C.	15%
D.	24%
Answer» C. 15%

Discussion

13.	Namrata deposited Rs. 8,000 which amounted 9200 after 3 years at S.I. had the interest been 2% more, she would get how much?
A.	9480
B.	9580
C.	9660
D.	9680
Answer» E.

Discussion

14.	Out of certain sum, 1/3rdis interested at 3%, 1/6that 6% and rest at 8%. If the simple interest for 2 years from all these investments amounts to Rs. 600. Find the original sum.
A.	4000
B.	15000
C.	5000
D.	4975
Answer» D. 4975

Discussion

15.	A certain sum of money amounts to 5/4 of itself in 5 years. What is the simple rate of interest per annum?
A.	6%
B.	5%
C.	4%
D.	8%
Answer» C. 4%

Discussion

16.	A sum of Rs.1550 was lent partly at 5% and partly at 8% p.a. simple interest. The total interest recieved after 3 years was Rs. 300. The ratio of the money lent at 5% to that lent at 8% is :
A.	5 : 8
B.	8 : 5
C.	16 : 15
D.	31 : 6
Answer» D. 31 : 6

Discussion

17.	The rate at which a sum becomes four times of itself in 15 years at S.I, will be:
A.	12%
B.	15%
C.	20%
D.	25%
Answer» D. 25%

Discussion

18.	What would be the simple interest obtained on a principal of Rs. 11050 after six years at the rate of 5% per annum ?
A.	Rs. 3320
B.	Rs. 3315
C.	Rs. 3300
D.	Rs. 3350
E.	None of these
Answer» C. Rs. 3300

Discussion

19.	What would be the simple interest accrued in four years on a principal of Rs. 18,440 at the rate of 15 pcpa ?
A.	Rs. 11,075
B.	Rs. 12,250
C.	Rs. 11,500
D.	Rs. 12,985
E.	None of these
Answer» F.

Discussion

20.	Pinky invested an amount of Rs. 24500 at the rate of 9% per annum. After how many years will she get a simple interest of Rs. 37485 ?
A.	13 years
B.	15 years
C.	17 years
D.	19 years
E.	None of these
Answer» D. 19 years

Discussion

21.	If the total amount of simple interest on a sum of money at the rate of 8% per annum in 4 years is Rs. 571.20, then what is the principal ?
A.	Rs. 1725
B.	Rs. 1745
C.	Rs. 1765
D.	Rs. 1785
E.	Rs. 1825
Answer» E. Rs. 1825

Discussion

22.	A sum of Rs. 880 becomes Rs. 1557.60 in 7 years. What is the rate of interest per annum ?
A.	9%
B.	10%
C.	11%
D.	12%
E.	13%
Answer» D. 12%

Discussion

23.	A certain sum of money amounts to Rs. 1008 in 2 years and to Rs. 1164 in 7/2 years. Find the sum and the rate of interest.
A.	10%
B.	11%
C.	12%
D.	13%
Answer» E.

Discussion

24.	Geeta borrowed some money at the rate of 6% p.a for the first two years, at the rate of 9% p.a for the next three years, and at the rate of 14% p.a for the period beyond five years. If she pays a total interest of Rs.11400 at the end of nine years, how much did she boorrow?
A.	`Rs 10,000
B.	Rs 11,000
C.	Rs 12,000
D.	Rs 14,000
Answer» D. Rs 14,000

Discussion

25.	A sum of Rs, 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much?
A.	Rs.652
B.	Rs.752
C.	Rs.992
D.	Rs. 562
Answer» D. Rs. 562

Discussion

26.	A sum at the simple interest at 27/2%% per annum amounts to Rs 2502.50 after 4 years. find the sum?
A.	Rs. 1345
B.	Rs. 1625
C.	Rs. 2502
D.	Rs. 1825
Answer» C. Rs. 2502

Discussion

27.	Find the simple interest on Rs 3000 at 25/4%per annum for the period from 4th Feb, 2005 to 18th April, 2005.
A.	Rs 45.70
B.	Rs 34.65
C.	Rs 38.50
D.	Rs 37.50
Answer» E.

Discussion

28.	The rates of simple interest in two banks x and y are in the ratio of 10 : 8. Rajini wants to deposit her total savings in two banks in such a way that she receives equal half-yearly interest from both. She should deposit the savings in banks x and y in the ratio of
A.	4 : 5
B.	3 : 5
C.	5 : 4
D.	2 : 1
E.	None of these
Answer» B. 3 : 5

Discussion

29.	A sum becomes 6 fold at 5% per annum. At what rate, the sum becomes 12 fold?
A.	10%
B.	12%
C.	9%
D.	11%
E.	None of these
Answer» E. None of these

Discussion

30.	A sum of money becomes 9 times in 20 years. Find the 10 times of rate of interest.
A.	350%
B.	45%
C.	400%
D.	250%
E.	None of these
Answer» D. 250%

Discussion

31.	The Interest received at 15% per annum simple interest after 3 yrs is Rs. 630. What was the principal (in Rs)?
A.	₹ 1200
B.	₹ 1750
C.	₹ 1400
D.	₹ 2000
E.	None of these
Answer» D. ₹ 2000

Discussion

32.	A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned ?
A.	₹ 35
B.	₹ 350
C.	₹ 245
D.	Can't be determined
E.	None of these
Answer» E. None of these

Discussion

33.	The salary of a man is Rs. 60000, from which he deposits x% amount at 13% simple interest. If the accumulated amount for the sum deposited after 3 years was Rs. 29190, then find the value of ‘x’.
A.	40
B.	35
C.	45
D.	50
E.	None of these
Answer» C. 45

Discussion

34.	Rayan invested a total of Rs.49000 in two different schemes A and B. The scheme A which offers interest at a rate of 5% per annum and scheme B offers interest at a rate of 12%. If the total interest earned by Rayan after 1 year is Rs.4900 then find the sum invested in scheme B.
A.	Rs. 34000
B.	Rs. 19000
C.	Rs. 35000
D.	Rs. 14000
E.	Rs. 30000
Answer» D. Rs. 14000

Discussion

35.	Deepika deposited Rs. 1000 in a fund in 2019 which provides simple interest. The interest rate on the fund increases by 3% every year. If the interest rate at the time of amount deposit was 10%, find the interest earned by her after 9 years.
A.	Rs. 1880
B.	Rs. 1890
C.	Rs. 2980
D.	Rs. 1790
E.	Rs. 1980
Answer» F.

Discussion

36.	Aman and Raghav are two friends. Aman started a business with an investment of Rs 7200, while Raghav puts 60% of his salary at 40% p.a simple interest for 6 months; Raghav takes the amount received after 6 months and joins Aman in the business. If Aman receives a profit of Rs. 2000 out of a total profit of Rs. 2900 at the end of 1 year, what was the original salary of Raghav?
A.	Rs. 18000
B.	Rs. 9400
C.	Rs. 9000
D.	Rs. 15000
E.	None of these
Answer» D. Rs. 15000

Discussion

37.	From a bank, Ram and Shyam together took a certain amount under simple interest and they lent the total amount to Mohan at 2% more simple interest. At the end of 4 years, the total money earned by Ram after paying the interest to the bank was Rs. 400 more than that of Shyam. From the bank, the total amount taken by Ram was how much more than that of Shyam?
A.	Rs. 10000
B.	Rs. 20000
C.	Rs. 5000
D.	Rs. 25000
E.	Can't be determined
Answer» D. Rs. 25000

Discussion

38.	The simple interest on a sum of money will be Rs. 500 after 10 years. If the principal is made four times after 5 years, what will be the total interest at the end of the tenth year?
A.	Rs. 650
B.	Rs. 975
C.	Rs. 1250
D.	Rs. 1500
E.	None of these
Answer» D. Rs. 1500

Discussion

39.	The SI on certain sum of money for 23 months at the rate of 7% per annum exceeds the SI on the same sum at 7% per annum for 19 months by Rs. 672. Then find the sum
A.	Rs. 16800
B.	Rs. 28800
C.	Rs. 24400
D.	Rs. 18600
E.	None of these
Answer» C. Rs. 24400

Discussion

40.	Rajat lends Rs. 20,000 to two of his friends. He gives Rs.10,000 to the first at 15% p.a. simple interest. Rajat wants to make a profit of 20% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend is
A.	12%
B.	16%
C.	20%
D.	25%
E.	None of these
Answer» E. None of these

Discussion

41.	Shubhranshu deposited Rs 8000at simple interestwhich amounted to Rs 9200 after 3 years . Had the interest been 2% more, how much amount she would have got?
A.	Rs 1680
B.	Rs 9680
C.	Rs 9272
D.	Rs 2680
E.	None of these
Answer» C. Rs 9272

Discussion

42.	Virat has Rs. 9000. He gives this money to Mahendra on simple interest and after 4 years received the double amount. If the interest rate is 5% more than the previous, in how many years this amount will be doubled?
A.	3 1 years 2
B.	3 years
C.	2 1 years 2
D.	3 1 years 3
E.	None of these
Answer» E. None of these

Discussion

Explore topic-wise MCQs in Arithmetic.

The sum lent at 5% per annum (i.e. 365 days) simple interest, that produces interest, ofRs.2.00 a day, is

A man lentRs.60,000, partly at 5% and the rest at 4% simple interest. If the total annual interest is Rs. 2560, the money lent at 4% was

A certain sum of money lent out at simple interest amount Rs.1380 in 3 years and Rs. 1500 in 5 years. Find the rate percent per annum.

If a sum of money amounts to ₹ 12900 and ₹ 14250 at the end of 4th year and 5th year respectively a certain rate of simple interest, then the rate of interest is

In how many years will a sum of money double itself at 25/4 % simple interest per annum?

A sum of money at a certain rate per annum of simple interest doubles in the 5 years and at a different rate become three times in 12 years. The lower rate of interest per annum is:

What would be the simple interest obtained on an amount of Rs 64,728 at the rate of 10 p.c.p.a after 7 years?

A sum of money becomes 3 times in 5 year. in how many year will be the same sum become 6 times at the same rate of simple interest?

A sum of money lent on simple interest triples itself in 15 years and 6 months. In how many year will it be doubled?

At what rate per cent per annum calculated in simple interest will a sum of money double in 10 year?

In a certain time, a sum becomes 3 times at the rate of 5% per annum. At what rate of interest the same sum becomes 6 times in same duration?

S.I for a sum of 1550 for 2 years rupees 20 more than the S.I for 1450 for the same duration. Find the rate of interest.

Namrata deposited Rs. 8,000 which amounted 9200 after 3 years at S.I. had the interest been 2% more, she would get how much?

Out of certain sum, 1/3rdis interested at 3%, 1/6that 6% and rest at 8%. If the simple interest for 2 years from all these investments amounts to Rs. 600. Find the original sum.

A certain sum of money amounts to 5/4 of itself in 5 years. What is the simple rate of interest per annum?

A sum of Rs.1550 was lent partly at 5% and partly at 8% p.a. simple interest. The total interest recieved after 3 years was Rs. 300. The ratio of the money lent at 5% to that lent at 8% is :

The rate at which a sum becomes four times of itself in 15 years at S.I, will be:

What would be the simple interest obtained on a principal of Rs. 11050 after six years at the rate of 5% per annum ?

What would be the simple interest accrued in four years on a principal of Rs. 18,440 at the rate of 15 pcpa ?

Pinky invested an amount of Rs. 24500 at the rate of 9% per annum. After how many years will she get a simple interest of Rs. 37485 ?

If the total amount of simple interest on a sum of money at the rate of 8% per annum in 4 years is Rs. 571.20, then what is the principal ?

A sum of Rs. 880 becomes Rs. 1557.60 in 7 years. What is the rate of interest per annum ?

A certain sum of money amounts to Rs. 1008 in 2 years and to Rs. 1164 in 7/2 years. Find the sum and the rate of interest.

Geeta borrowed some money at the rate of 6% p.a for the first two years, at the rate of 9% p.a for the next three years, and at the rate of 14% p.a for the period beyond five years. If she pays a total interest of Rs.11400 at the end of nine years, how much did she boorrow?

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

A sum at the simple interest at 27/2%% per annum amounts to Rs 2502.50 after 4 years. find the sum?

Find the simple interest on Rs 3000 at 25/4%per annum for the period from 4th Feb, 2005 to 18th April, 2005.

The rates of simple interest in two banks x and y are in the ratio of 10 : 8. Rajini wants to deposit her total savings in two banks in such a way that she receives equal half-yearly interest from both. She should deposit the savings in banks x and y in the ratio of

A sum becomes 6 fold at 5% per annum. At what rate, the sum becomes 12 fold?

A sum of money becomes 9 times in 20 years. Find the 10 times of rate of interest.

The Interest received at 15% per annum simple interest after 3 yrs is Rs. 630. What was the principal (in Rs)?

A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned ?

The salary of a man is Rs. 60000, from which he deposits x% amount at 13% simple interest. If the accumulated amount for the sum deposited after 3 years was Rs. 29190, then find the value of ‘x’.

Rayan invested a total of Rs.49000 in two different schemes A and B. The scheme A which offers interest at a rate of 5% per annum and scheme B offers interest at a rate of 12%. If the total interest earned by Rayan after 1 year is Rs.4900 then find the sum invested in scheme B.

Deepika deposited Rs. 1000 in a fund in 2019 which provides simple interest. The interest rate on the fund increases by 3% every year. If the interest rate at the time of amount deposit was 10%, find the interest earned by her after 9 years.

The simple interest on a sum of money will be Rs. 500 after 10 years. If the principal is made four times after 5 years, what will be the total interest at the end of the tenth year?

The SI on certain sum of money for 23 months at the rate of 7% per annum exceeds the SI on the same sum at 7% per annum for 19 months by Rs. 672. Then find the sum

Rajat lends Rs. 20,000 to two of his friends. He gives Rs.10,000 to the first at 15% p.a. simple interest. Rajat wants to make a profit of 20% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend is

Shubhranshu deposited Rs 8000at simple interestwhich amounted to Rs 9200 after 3 years . Had the interest been 2% more, how much amount she would have got?

Virat has Rs. 9000. He gives this money to Mahendra on simple interest and after 4 years received the double amount. If the interest rate is 5% more than the previous, in how many years this amount will be doubled?