Simple Interest Questions for Competitive Exams

Simple Interest MCQ Questions with Answer and Solution for Competitive Exams; Online Practice Mock Test of for English Medium Students as per latest exam pattern and syllabus of SSC CGL, CHSL, CPO, GD, Bank, UPSSSC PET and UP Police examinations.

Quiz : Simple Interest Questions
Based on previous year questions from SSC Exams
Fully Solved with short tricks
Medium : English


#1. A sum of money lent out at simple interest amounts to Rs 720 after 2 years and Rs 1020 after a further period of 5 years. Find the principal.

#2. The sum lent at 5% per annum (i.e., 365 days) simple interest that produces interest, of Rs 2.00 per day is :

#3. At some rate of simple interest, A lent Rs 6000 to B for 2 years and Rs 1500 to C for 4 years and received Rs 900 as interest from both of them together. The rate of interest per annum was :

#4. The simple interest on Rs 7300 from 11 May 1987 to 10 September 1987 (both days included) at 5% per annum is :

#5. Rs 500 was invested at 12% per annum simple interest and a certain sum of money is invested at 10% per annum simple interest. If the sum of the interest on both the sum after 4 years is Rs 480, the latter sum of money is :

#6. A sum of Rs 1600 gives a simple interest of Rs 252 in 2 years and 3 months. The rate of interest per annum is :

#7. What sum of money must be given as simple interest for six months at 4% per annum in order to earn Rs 150 interest?

#8. At what rate percent per annum will the simple interest on a sum of money be \(\frac25\) of the amount in 10 years ?

#9. A sum of money becomes \(\frac76\) of itself in 3 years at a certain rate of simple interest. The rate per annum is :

#10. A sum of money at simple interest triples itself in 15 years. It will become 5 times of itself in :

#11. The present worth of a bill due 7 months hence is Rs 1200 and if the bill were due at the end of \(2\frac12\) years its present worth would be Rs 1016. The rate percent is :

#12. The simple interest on a sum after 4 years is \(\frac15\) of the sum. The rate of interest per annum is :

#13. Simple interest on Rs 500 for 4 years at 6.25% per annum is equal to the simple interest on Rs 400 at 5% per annum for a certain period of time. The period of time is :

#14. If the ratio of principal and the simple interest for 5 years is 10 : 3, then the rate of interest is :

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

#16. The rate of simple interest per annum of bank being decreased from 5% to\(3\frac12\) % the annual income of a person from interest was less by Rs 105. The sum deposited at the bank was :

#17. A person who pays income tax at the rate of 4 paise per rupee, find that a fall of interest rate from 4% to 3.75% diminishes his net yearly income by Rs 48. What is his capital?

#18. A sum was invested on simple interest at a certain rate for 2 years. Had it been put at 3% higher rate, it would have fetched Rs 72 more. The sum is :

#19. A man loses Rs 55.50 yearly when the annual rate of interest falls from 11.5% to 10%. His capital (in rupees) is :

#20. A sum of Rs 400 amounts to Rs 480 in 4 years. What will it amount to if the rate of interest is increased by 2%?

#21. If Rahim deposited the same amount of Rs x in a bank at the beginning of successive 3 years and the bank pays a simple interest of 5% per annum, then the amount at his credit at the end of 3rd year will be :

#22. Mohan lends Rs 500 to John and a certain sum to Tom at the same time at a simple interest of 8% per annum. If in 4 years, he altogether receives Rs 210 as interest from the two, then the sum of money he lent to Tom was

#23. Ramesh deposited Rs 15600 in a fixed deposit at the rate of 10% per annum simple interest. After every second year, he adds his interest earnings to the principal. The interest at the end of fourth year is :

#24. An old article is available for Rs 12000 at cash payment or is available for Rs 7000 cash payment and a monthly instalment of Rs 630 for 8 months. The rate per cent per annum is :

#25. A sum of Rs 10,000 lent partly at 8% and remaining at 10% per annum. If the yearly interest on the average is 9.2%, the two parts are :


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