Here we shared Simple Interest Questions with Solutions (MCQs). Also, we given Handwritten Solution of all the Simple Interest Maths Questions. All the questions are important for your upcoming exam so read carefully.
Also, here we shared the Simple Interest Questions with Solutions PDF file you can access the pdf bellow with help of direct link.
Simple Interest – Definition, Formula & Example
Simple Interest (SI) is the basic method of calculating interest on a principal amount for a specific period at a fixed rate. It is calculated only on the original principal, not on accumulated interest.
Simple Interest Questions with Solutions (MCQs)
Simple Interest Part-1
1) What will be the simple interest for two years on five thousand taka at 10% annual interest rate?
A. 800
B. 1000
C, 1200
D. 500
Ans- B
2) What will be the simple interest for two years on 6000 taka at 4% annual interest rate?
A. 800
B. 720
C. 960
D. 1080
Ans- C
3) What will be the simple interest for three years on 15000 taka at 12% annual interest rate?
A. 3600
B. 4500
C. 5400
D. 4800
Ans- C
4) What will be the simple interest of 14400 rupees at 15 percent annual interest rate for three years?
A. 6160
B. 6820
C. 5750
D. 6480
Ans- D
5) What will be the simple interest of 2700 rupees at 4% annual interest rate for 2(1/2) years?
A. 540
B. 480
C. 600
D. 450
Ans- A
Check this– Computer Related Question Answers [Computer, Internet & Android]
Simple Interest Part-2
1) In how many years will the simple interest of 4000 rupees at 11 percent annual interest rate be 2640 rupees?
A. 2
B. 3
C. 2(1/2)
D. 3(1/2)
Ans- B
2) If the annual simple interest rate is 20% and the annual simple interest is 5700 taka, what is the principal?
A. 9000
B. 10500
C. 9500
D. 8500
Ans- C
3) At what annual percentage rate of interest will the simple interest of 15000 taka for 2 years be 2100 taka?
A. 6
B. 9
C. 7
D. 8
Ans- C
4) At what annual percentage rate of interest will the simple interest of 18000 taka for 3(1/2) years be 3937.50 taka?
A. 7.5
Β. 6.25
C. 12.5
D. 6.66
Ans- B
5) A sum of money is 468.75 taka in 7.5 months at a simple interest rate of 5.55 percent per annum. What is the principal?
A. 12500
B. 14500
C. 13500
D. 10500
Ans- C
Simple Interest Part-3
1) A person borrows 8400 taka for two years at a simple interest rate of 10% per annum. At the same time, he lends the same money to another person for two years at a simple interest rate of 14.28% per annum. How much does he gain from this transaction?
A. 360
B. 540
C. 960
D. 720
Ans- D
2) If the annual simple interest rate is increased from 9 percent to 12 percent, then the annual income of a person increases by 3600 taka. What is the original amount?
A. 120000
B. 96000
C. 108000
D. 144000
Ans- A
3) What is the simple interest of 9500 taka for 10 months at the rate of 4 paisa per taka per month?
A. 7200
B. 7600
C. 6800
D. 8400
Ans- B
4) The simple interest of a certain amount of money at the annual simple interest rate of 3.5 percent is 210 taka for one year. If the same amount of money is invested at 4 percent annual simple interest rate, how much additional interest will be earned in a year?
A. 30
B. 45
C. 49
D. 36
Ans- A
5) The interest on a certain amount of money at 4.4 percent annual simple interest rate for 3(3/4) years is 12236 taka. How much interest will be earned on the same amount of money in 4(3/8) years at the same simple interest rate?
Α. 3484
B. 3624
C. 3524
D. 3542
Ans- D
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