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Quantitative practice

Simple Interest Questions with Answers

Interest that accrues only on the principal, and the rate, time and principal problems built from it. This page pools every simple interest question on the site (140 of them, from 57 exams, weighted towards Management, Banking, SSC) so you can drill the topic on its own instead of meeting four of them inside a full paper.

4% of the pool is graded hard on this site’s own scale and 33% easy, which is gentler than the average topic in this section.

Questions
140
Practice set
25 in 25 min
Difficulty
46/89/5
Negative marking
None
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Simple Interest questions with solutions

6 from the 140-question pool, worked in full.

  1. 1. What is the simple interest on ₹8,000 at 7.5% per annum for 2 years?

    • A. ₹600
    • B. ₹1,200 ✓
    • C. ₹1,000
    • D. ₹1,280

    Solution. SI = PRT/100 = 8000 × 7.5 × 2 / 100 = ₹1,200.

  2. 2. Find the simple interest on Rs 8,000 at 7.5% per annum for 2 years.

    • A. Rs 1,000
    • B. Rs 1,200 ✓
    • C. Rs 1,400
    • D. Rs 1,600

    Solution. Simple interest = P x R x T / 100 = 8,000 x 7.5 x 2 / 100 = Rs 1,200.

  3. 3. Find the simple interest on ₹3,000 at 5% per annum for 4 years.

    • A. ₹500
    • B. ₹550
    • C. ₹600 ✓
    • D. ₹650

    Solution. SI = (P × R × T)/100 = (3000 × 5 × 4)/100 = ₹600.

  4. 4. What is the simple interest on a sum of ₹12,000 at 9% per annum for 3 years?

    • A. ₹2,880
    • B. ₹3,120
    • C. ₹3,360
    • D. ₹3,240 ✓

    Solution. SI = (12000 × 9 × 3) / 100 = ₹3,240.

  5. 5. Find the simple interest on ₹25,000 at 6% per annum for 4 years.

    • A. ₹6100
    • B. ₹5800
    • C. ₹5900
    • D. ₹6000 ✓

    Solution. SI = (P × R × T) / 100 = (25000 × 6 × 4) / 100 = ₹6000.

  6. 6. Find the simple interest on Rs 7,500 at 8% per annum for 3 years.

    • A. Rs 1,600
    • B. Rs 1,800 ✓
    • C. Rs 2,000
    • D. Rs 2,200

    Solution. Simple interest = 7,500 x 8 x 3 / 100 = Rs 1,800.

Exams that set Simple Interest

11 categories, led by Management, Banking, SSC.

Also set by IBPS RRB Officer Scale I, IBPS SO, IBSAT, IMU-CET, INET, IPMAT Rohtak, JAIN JET, JIPMAT, Kerala MCA, KMAT Karnataka, KSDAT, KVS PRT, MAH MBA CET, MAH UG CET, MAT, MICAT, MPPSC SSE, NABARD Grade A, NCHM JEE, NIFT, NMAT, OPSC OCS, RBI Assistant, RBI Grade B, RPF Constable, RPF Sub-Inspector, RRB Group D, RRB Junior Engineer, RRB NTPC, SBI Clerk, SBI PO, SEBI Grade A, SIDBI Grade A & B, SNAP, SRMJEEE, SSC CGL, SSC CHSL, SSC CPO, SSC GD Constable, SSC MTS, SSC Selection Post, TANCET MBA, UPPSC PCS, UPSC CSE, JAMB UTME. Browse all exams.

Simple Interest: frequently asked questions

How many simple interest questions are there?

140, from the 57 exams here whose syllabus sets the topic. 33% are graded easy and 4% hard, which makes simple interest one of the more tractable topics in this section, against a 17% average.

Which exams ask simple interest questions?

57 of the exams on this site, weighted towards Management (14), Banking (12), SSC (6). Every question in this pool comes from one of their own mock tests, so the list below is the honest answer to whether the topic is worth your time.

Is simple interest hard?

4% of these 140 questions are graded hard and 33% easy, making it one of the more tractable topics in this section, against a 17% average.

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