Simple Interest MCQs Quiz (30 Questions) for TLT, ECT, PST, JEST Exam | Mathematics

Simple Interest — MCQs Quiz

Subject: Mathematics  |  Topic: Simple Interest (30 MCQs)

For TLT, ECT, PST, JEST & All Competitive Exams

Test your understanding of Simple Interest with this interactive 30-MCQ quiz — covering the formula, Principal, Rate, Time, and Amount calculations. Every answer has been calculated and verified using the formula S.I. = (P × R × T) / 100. Select your answer for each question, then click Submit at the end to instantly see your score.

Instructions: Select one option for each question. After answering all questions, click the Submit button below to see your obtained marks and correct/incorrect answers.

1. What is the formula for Simple Interest?

S.I. = P + R + T S.I. = (P × R × T) / 100 S.I. = P × R × T S.I. = P / (R × T)

2. Find the S.I. on Rs. 1,000 for 2 years at 10% per annum.

Rs. 150 Rs. 250 Rs. 200 Rs. 100

3. Find the S.I. on Rs. 1,500 for 3 years at 8% per annum.

Rs. 320 Rs. 400 Rs. 380 Rs. 360

4. Find the S.I. on Rs. 2,000 for 4 years at 5% per annum.

Rs. 380 Rs. 400 Rs. 420 Rs. 450

5. If S.I. = Rs. 300, R = 6%, T = 5 years, find the Principal.

Rs. 900 Rs. 1,000 Rs. 1,100 Rs. 1,200

6. If S.I. = Rs. 250, P = Rs. 2,500, T = 2 years, find the Rate.

4% 5% 6% 10%

7. If S.I. = Rs. 450, P = Rs. 3,000, R = 5%, find the Time.

2 years 3 years 4 years 5 years

8. If Principal = Rs. 5,000 and S.I. = Rs. 750, find the total Amount.

Rs. 5,750 Rs. 5,250 Rs. 5,700 Rs. 5,800

9. Find the S.I. on Rs. 6,000 for 2.5 years at 4% per annum.

Rs. 500 Rs. 550 Rs. 600 Rs. 650

10. If Principal is doubled while Rate and Time remain constant, what happens to the Simple Interest?

It halves It doubles It stays the same It triples

11. Find the S.I. on Rs. 800 for 1 year at 10% per annum.

Rs. 60 Rs. 70 Rs. 80 Rs. 90

12. Which type of interest grows by the same fixed amount every year on a fixed principal?

Compound Interest Simple Interest Both equally Neither

13. Find the S.I. on Rs. 10,000 for 1 year at 12% per annum.

Rs. 1,000 Rs. 1,100 Rs. 1,200 Rs. 1,300

14. If Amount = Rs. 1,200 and Principal = Rs. 1,000, find the Simple Interest.

Rs. 150 Rs. 180 Rs. 200 Rs. 220

15. If S.I. = Rs. 180, P = Rs. 1,200, T = 3 years, find the Rate.

4% 5% 6% 7%

16. In how many years will Rs. 1,000 double itself at 10% per annum simple interest?

8 years 9 years 10 years 12 years

17. If S.I. = Rs. 180, P = Rs. 1,500, T = 2 years, find the Rate.

5% 6% 7% 8%

18. If the Rate of Interest is 0%, what will the Simple Interest be?

Equal to the Principal Zero Equal to the Time Cannot be determined

19. In Simple Interest calculation, which value remains constant every year for interest calculation purposes?

Principal Rate changes yearly Time changes yearly Amount

20. Find the S.I. on Rs. 2,400 for 3 years 4 months at 5% per annum. (Hint: 4 months = 1/3 year)

Rs. 380 Rs. 400 Rs. 420 Rs. 440

21. Find the S.I. on Rs. 1,800 for 5 years at 7% per annum.

Rs. 600 Rs. 610 Rs. 630 Rs. 650

22. In how many years will a sum become 3 times itself at 10% per annum simple interest?

15 years 18 years 20 years 25 years

23. If S.I. = Rs. 144, P = Rs. 900, R = 4%, find the Time.

3 years 4 years 5 years 6 years

24. Find the S.I. for 6 months on Rs. 5,000 at 8% per annum.

Rs. 150 Rs. 180 Rs. 200 Rs. 250

25. If S.I. = Rs. 250, P = Rs. 1,250, T = 4 years, find the Rate.

4% 5% 6% 8%

26. If a sum triples itself in 20 years at simple interest, find the rate of interest.

8% 10% 12% 15%

27. Find the S.I. on Rs. 3,000 for 2 years at 9% per annum.

Rs. 500 Rs. 520 Rs. 540 Rs. 560

28. How does Simple Interest differ from Compound Interest?

S.I. is calculated only on the original Principal S.I. is calculated on Principal plus previous interest S.I. decreases every year S.I. has no formula

29. A person invests Rs. 5,000 at 6% per annum simple interest for 3 years. Find the total Amount.

Rs. 5,600 Rs. 5,700 Rs. 5,800 Rs. 5,900

30. Which of the following correctly represents the Amount formula in Simple Interest?

A = P − S.I. A = P + S.I. A = P × S.I. A = S.I. − P

Your Result

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