MCQ Problems on Simple Interest for Competitive Exams

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

c

Suresh borrowed some money from his friend at simple interest of 6% per annum. He returned his friend Rs. 15600. After how much time did Suresh return the money if he borrowed Rs. 12000?
(a) 8 years
(b) 5 years
(c) 3 years
(d) 4 years

b

At what rate percent on simple interest will Rs.750 amount to Rs.900 in 5 years?
(a) 5%
(b) 3%
(c) 6%
(d) 4%

d

A sum of 12,500 amounts to 15,500 in 4 years at the rate of simple interest. What is the rate of interest?
(a) 6%
(b) 5%
(c) 4%
(d) 8%

a

Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to
(a) Rs. 992
(b) Rs. 1056
(c) Rs. 1112
(d) Rs. 1162

a

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%

c

What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?
(a) 1 : 3
(b) 2 : 3
(c) 1 : 4
(d) Data inadequate

b

Atul 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) Rs. 16400
(b) Rs. 12000
(c) Rs. 13000
(d) Rs. 18000

b

Smita 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) Rs. 5250
(b) Rs. 6550
(c) Rs. 6300
(d) Rs. 5500

d

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

a


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