Simple Interest MCQ Questions

 Simple Interest MCQ Questions 

1)What is Simple Interest?

a) Interest paid on the original amount invested.

b) Interest paid on the total amount invested.

c) Interest paid on the profit earned.

d) Interest paid on the amount invested and the profit earned.

2)The rate of interest is:

a) The amount of money invested.

b) The time period for which money is invested.

c) The percentage charged for lending money.

d) The total amount invested and the profit earned.

3)If Ramesh invests Rs. 2000 at a rate of 5% for one year, what is the Simple Interest he will earn?

a) Rs. 50

b) Rs. 100

c) Rs. 200

d) Rs. 250

4)What is the Simple Interest earned if Rs. 5000 is invested at a rate of 4% for two years?

a) Rs. 100

b) Rs. 200

c) Rs. 400

d) Rs. 800

5)A sum of Rs. 3000 is invested for 3 years at a rate of 6%. What is the Simple Interest earned?

a) Rs. 180

b) Rs. 540

c) Rs. 900

d) Rs. 1620

6)If Rs. 400 is invested at a rate of 3% for one year, what is the Simple Interest earned?

a) Rs. 12

b) Rs. 24

c) Rs. 36

d) Rs. 48

7)If a person invests Rs. 1000 for 2 years at a rate of 5%, what is the Simple Interest earned?

a) Rs. 100

b) Rs. 150

c) Rs. 200

d) Rs. 250

8)What is the Simple Interest earned on an investment of Rs. 6000 for 2 years at a rate of 7%?

a) Rs. 840

b) Rs. 8400

c) Rs. 1200

d) Rs. 2400

9)If Rs. 2000 is invested for 2 years at a rate of 10%, what is the Simple Interest earned?

a) Rs. 200

b) Rs. 400

c) Rs. 800

d) Rs. 1200

10)What is the Simple Interest earned on an investment of Rs. 9000 for 7 year at a rate of 6%?

a) Rs. 3080

b) Rs. 8037

c) Rs. 3870

d) Rs. 3780

11)A person invested Rs. 5000 for 5 years at a rate of 3%. What is the Simple Interest earned?

a) Rs. 500

b) Rs. 750

c) Rs. 1000

d) Rs. 1250

12)What is the Simple Interest earned on an investment of Rs. 2000 for 3 years at a rate of 6%?

a) Rs. 360

b) Rs. 540

c) Rs. 720

d) Rs. 1080

13)A sum of Rs. 8000 is invested for 4 years at a rate of 8%. What is the Simple Interest earned?

a) Rs. 2560

b) Rs. 3200

c) Rs. 3840

d) Rs. 4480

14)If a person invests Rs. 30,000 for 8 year at a rate of 11%, what is the Simple Interest earned?

a) Rs. 25600

b) Rs. 26300

c) Rs. 26400

d) Rs. 24600

Answer 

1. a) Interest paid on the original amount invested.
2. c) The percentage charged for lending money.
3. b) Rs. 100
4. b) Rs. 400
5. b) Rs. 540
6. a) Rs. 12
7. c) Rs. 100
8. a) Rs. 840
9. b) Rs. 400
10. d) Rs. 3780
11. b) Rs. 750
12. a) Rs. 360
13. a) Rs. 2560
14. c) Rs. 26400

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