Hey there, I built this website for students studying for tough tests. I think everyone should get education for free, so that's why I made this site. But now, the way Google ranks websites changed, and not many people are visiting here. I use money from Google ads to keep this site running, but with less visitors, it's hard to do that anymore. If you like this website and want it to keep going, can you help out? Any support you give would be really appreciated. Thanks a lot for considering it.

# 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