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MathematicsTopic Question Bank50+ Solved MCQsUpdated October 2026👁️ 3.8k Topic Views

Simple Interest Questions & Answers

Master problem-solving techniques, shortcut tricks, and formulas for Simple Interest. Solve graded practice questions with complete step-by-step mathematical solutions.

Relevant Exams:SSC CGLSBI PO & ClerkIBPS PORRB NTPCCAT / MBA

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Simple Interest — Key Concepts & Shortcuts

•Master core formulas and fundamental algebraic/arithmetic principles for Simple Interest.
•Apply approximation techniques and calculation shortcuts to solve problems within 45 seconds.
•Practice 2-tier questions and review step-by-step derivations for complex problems.

Practice Questions for Simple Interest

18+ Solved MCQs

Page 19 · Click any question to reveal correct answer and full explanation

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A principal of ₹5,000 amounts to ₹6,000 in 4 years at simple interest. What is the rate of interest per annum?

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Simple Interest Questions & Answers

Simple Interest — Key Concepts & Shortcuts

Practice Questions for Simple Interest

A principal of ₹5,000 amounts to ₹6,000 in 4 years at simple interest. What is the rate of interest per annum?

Vidhu lends a sum of money which becomes ₹6,500 after 3 years and ₹7,500 after 5 years at the same simple interest rate. What is the annual rate of simple interest?

A sum of money becomes four times its original principal in 20 years at simple interest. What is the annual rate of interest?

'A' lent Rs. 5000 to 'B' for 2 years and Rs. 3000 to 'C' for 4 years on simple interest at the same rate of interest and received Rs. 2200 in total from both of them as interest. The rate of interest per annum is:

Arrange the following simple interest values in descending order: (A) P = Rs 6000, R = 5% and T = 5 years (B) P = Rs 18000, R = 5.5% and T = 3 years (C) P = Rs 6000, R = 53% and T = 2.5 years (D) P = Rs 8000, R = 4% and T = 58 years

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

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

In what time will ₹ 5,000 amount to ₹ 6,100 at 512% simple interest per annum?

Ajay invests a certain sum of money on simple interest at 8% p.a. for 15 years. If the total interest earned by him is ₹58,410, find the principal sum invested by him.

Arjun lent ₹4,800 to his friend at a simple interest rate of 7.5% per annum. After some time, he received ₹6,000 in total. Find the time period for which the money was lent.

What sum (in ₹) will earn a simple interest of ₹840 in 3 years at a 20% per annum rate of interest?

Find the simple interest (in ₹) on a sum of ₹3,500 borrowed at 8% per annum rate of interest for 3 years.

What sum (in Rs.) will earn a simple interest of Rs. 840 in 4 years at an 8% per annum rate of interest?

What sum (in Rs.) will earn a simple interest of Rs. 840 in 4 years at a 4% per annum rate of interest?

Find the simple interest (in ₹) on ₹3,500 as a sum borrowed at 8% per year rate of interest for 4 years.

What sum (in ₹) will earn a simple interest of ₹840 in 4 years at a 12% per annum rate of interest?

What sum (in ₹) will earn a simple interest of ₹840 in 3 years at 16% per year rate of interest?

What sum (in ₹) will earn a simple interest of ₹840 in 3 years at 4% per year rate of interest?

Frequently Asked Questions on Simple Interest