# Simple Interest MCQ Question with Answer

## Simple Interest MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding. Question No : 1

Find the simple interest on Rs. 3000 at $6\frac{1}{4}$% per annum for the period from

4th Feb., 2005 to 18th April, 2005.

37.50
37
38
23.40

Question No : 2

A sum at simple interests at 13 ½ % per annum amounts to Rs.2502.50 after 4 years find the sum.

1725
1625
1825
1234

Question No : 3
Find the simple interest on Rs. 68,000 at $16\frac{2}{3}$% per annum for 9 months.

7800
7680
8700
8500

Question No : 4

A sum of Rs. 800 amounts to Rs. 920 in 8 years at simple interest. Interest rate is increased by 8%, it would amount to how much?

1020
920
992
1089

Question No : 5

A man 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. 1£ he pays a total interest of Rs. 11, 400 at the end of nine years how much money did he borrow?

15,000
12,450
12,000
11,780