MCQ Subject: Simple Interest & Percentage

Rahul borrowed ₹24,000 at a simple interest rate of 12% per annum. If he paid ₹3,120 as interest after 3 years, what is the principal amount he actually borrowed?

Rahul invests ₹50,000 at 5% simple interest for 2 years and ₹30,000 at 4% for 3 years. Which investment yields more interest?

Amit invests ₹4,000 and Bhavin invests ₹5,000 at 6% per annum for 3 years. What is the percentage increase in the Simple Interest earned by Bhavin compared to Amit?

A person borrows ₹24,000 at 12% simple interest per annum. If the interest is paid in full after 8 months, and the borrower then returns ₹20,000 of the principal, by what percentage can the remaining principal be reduced if the total repayment (principal + interest) is to be ₹25,000?

Which formula correctly represents the calculation of Simple Interest?

Rahul borrowed Rs. 10,000 at 5% annual interest for the first two years and 7% for the next three years. Calculate the total Simple Interest accrued over these five years.

Riya invests ₹50,000 at a 10% annual interest rate for 3 years. If the interest rate decreases by 20% in the second year, what is the new Simple Interest for the entire period?

Rahul borrowed ₹24,000 at 12% simple interest per annum. If the rate increases by 25%, what is the new simple interest for 2 years?

Which of the following has a direct relationship with the Simple Interest (SI) accrued on a loan, assuming time and rate are constant?

Person A invests ₹5000 at 5% SI for 2 years. Person B invests ₹4000 at 6% SI for 3 years. By what percentage is Person B’s interest more than Person A’s?