Welcome to the **Simple Interest MCQs with Answers**. In this post, we have shared **Simple Interest Online Test** for different competitive exams. Each question in Aptitude Test offers a chance to enhance your knowledge regarding **Simple Interest** MCQs.

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

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