Simple Interest MCQs with Answers

If the principal amount is $1000, the rate of interest is 5% per annum, and the time is 2 years, what is the simple interest?
a) $100
b) $150
c) $200
d) $250

Calculate the simple interest on a principal of $5000 at a rate of 4% per annum for 3 years.
a) $600
b) $700
c) $800
d) $900

If $2000 is invested for 5 years at a simple interest rate of 6% per annum, what is the total interest earned?
a) $600
b) $700
c) $800
d) $900

Find the principal if the simple interest is $1200, the rate of interest is 8% per annum, and the time is 4 years.
a) $2500
b) $3000
c) $3500
d) $4000

If the interest earned is $150 and the principal is $1200 with a time of 2 years, what is the rate of interest per annum?
a) 6%
b) 7.5%
c) 8%
d) 10%

What is the simple interest on a principal of $8000 for 4 years at a rate of 5% per annum?
a) $1600
b) $2000
c) $2400
d) $2800

A sum of money amounts to $9000 in 3 years at a simple interest rate of 5% per annum. What is the principal amount?
a) $7500
b) $8000
c) $8500
d) $9000

If the principal is $2000, the rate is 7% per annum, and the time is 6 months, what is the simple interest?
a) $70
b) $140
c) $210
d) $280

Calculate the simple interest on $1200 for 4 years at an annual rate of 10%.
a) $480
b) $4800
c) $240
d) $200

If a principal amount of $1500 earns $225 in interest over 3 years, what is the rate of interest per annum?
a) 4.5%
b) 5%
c) 6%
d) 7%

What is the simple interest on a loan of $2000 taken for 2 years at a rate of 9% per annum?
a) $360
b) $380
c) $400
d) $420

If the rate of interest is 8% per annum, and the principal is $3000, what is the simple interest for 5 years?
a) $1200
b) $1500
c) $1800
d) $2000

Find the time required for a principal of $1000 to earn $250 in interest at a rate of 5% per annum.
a) 2 years
b) 3 years
c) 4 years
d) 5 years

A principal amount of $5000 earns simple interest of $1000 in 4 years. What is the rate of interest per annum?
a) 4%
b) 5%
c) 6%
d) 8%

If the principal is $2500 and the rate is 6% per annum, what is the simple interest for 3 years?
a) $450
b) $500
c) $550
d) $600

**The simple interest on a principal of $4000 at 8% per annum for 2 years is: **
a) $640
b) $720
c) $800
d) $960

A sum of money doubles itself in 5 years at a simple interest rate. What is the rate of interest per annum?
a) 10%
b) 15%
c) 20%
d) 25%

If $6000 is invested at a simple interest rate of 4% per annum, what is the total interest earned in 5 years?
a) $1200
b) $1400
c) $1500
d) $1600

A principal amount of $1500 grows to $1800 in 3 years at a simple interest rate. What is the rate of interest per annum?
a) 5%
b) 6%
c) 7%
d) 8%

If a sum of $8000 amounts to $10400 in 4 years, what is the simple interest rate per annum?
a) 6%
b) 7%
c) 8%
d) 9%

Calculate the principal if the simple interest is $500, the rate is 5% per annum, and the time is 2 years.
a) $4000
b) $5000
c) $6000
d) $7000

If a principal of $8000 earns a simple interest of $3200 in 4 years, what is the annual interest rate?
a) 8%
b) 10%
c) 12%
d) 15%

A sum of $3000 is invested at a rate of 6% per annum for 5 years. What is the simple interest?
a) $900
b) $1000
c) $1100
d) $1200

Find the time if the principal is $2000, the interest is $400, and the rate is 5% per annum.
a) 2 years
b) 3 years
c) 4 years
d) 5 years

If $1000 is invested at a rate of 7% per annum, what is the simple interest for 3 years?
a) $210
b) $220
c) $230
d) $240

**The simple interest on a sum of $4000 at 9% per annum for 2 years is: **
a) $720
b) $800
c) $900
d) $1000

Find the principal if $600 is earned as interest in 3 years at a rate of 8% per annum.
a) $2000
b) $2500
c) $3000
d) $3500

If the simple interest is $360 on a principal of $3000 at a rate of 6% per annum, what is the time in years?
a) 2 years
b) 3 years
c) 4 years
d) 5 years

What is the simple interest on $1500 invested at 10% per annum for 4 years?
a) $600
b) $700
c) $800
d) $900

A principal of $5000 earns a simple interest of $1000 in 5 years. What is the rate of interest per annum?
a) 4%
b) 5%
c) 6%
d) 7%

If $1000 is invested at a rate of 5% per annum, what will be the simple interest after 6 years?
a) $300
b) $400
c) $500
d) $600

The principal amount is $1200, the rate is 8% per annum, and the interest earned is $192. What is the time in years?
a) 1 year
b) 2 years
c) 3 years
d) 4 years

If the simple interest earned is $300 on a principal of $2000 at 5% per annum, what is the time period?
a) 2 years
b) 3 years
c) 4 years
d) 5 years

**The simple interest on $2500 at a rate of 6% per annum for 5 years is: **
a) $750
b) $800
c) $850
d) $900

If a sum of $4000 earns simple interest of $1200 in 3 years, what is the rate of interest per annum?
a) 8%
b) 9%
c) 10%
d) 12%

A principal amount of $6000 earns $1800 in 5 years. What is the rate of interest per annum?
a) 5%
b) 6%
c) 7%
d) 8%

Find the interest earned on a principal of $3000 at a rate of 7% per annum over 4 years.
a) $840
b) $880
c) $900
d) $960

If a sum of money is invested at 9% per annum and earns $405 in 3 years, what is the principal amount?
a) $1500
b) $2000
c) $2500
d) $3000

The principal amount of $5000 earns simple interest of $2000 in 4 years. What is the annual interest rate?
a) 8%
b) 10%
c) 12%
d) 15%

**If the total interest earned on a principal of $4500 at 5% per annum for 6 years is: **
a) $1350
b) $1500
c) $1620
d) $1800