What is the simple interest on ₹26,000 at 10% per annum for 2 years?
- A₹7,800
- B₹5,200
- C₹5,720
- D₹2,600
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Answer: (B) ₹5,200
SI = P × R × T / 100 = 26000 × 10 × 2 / 100 = ₹5,200.
MAT Simple & Compound Interest Questions with Answers & Explanations
19 Simple & Compound Interest questions from the Mathematical Skills section of MAT, each with the correct answer and a worked explanation. Try each question first, then tap Show answer to check. When you're ready, take the timed chapter-wise test to see your all-India rank.
What is the compound interest on ₹2,600 for 2 years at 10% per annum, compounded annually?
- A₹806
- B₹520
- C₹600.60
- D₹546
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Answer: (D) ₹546
CI = P[(1 + R/100)² − 1] = ₹546.
What is the simple interest on ₹29,000 at 5% per annum for 6 years?
- A₹9,570
- B₹8,700
- C₹1,450
- D₹7,250
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Answer: (B) ₹8,700
SI = P × R × T / 100 = 29000 × 5 × 6 / 100 = ₹8,700.
What is the difference between compound interest and simple interest on ₹15,600 for 2 years at 5% per annum?
- A₹78
- B₹39
- C₹780
- D₹49
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Answer: (B) ₹39
For 2 years, CI − SI = P × (R/100)² = ₹39.
What is the simple interest on ₹11,000 at 10% per annum for 3 years?
- A₹3,630
- B₹3,300
- C₹1,100
- D₹2,200
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Answer: (B) ₹3,300
SI = P × R × T / 100 = 11000 × 10 × 3 / 100 = ₹3,300.
What is the difference between compound interest and simple interest on ₹13,200 for 2 years at 5% per annum?
- A₹33
- B₹43
- C₹49.50
- D₹66
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Answer: (A) ₹33
For 2 years, CI − SI = P × (R/100)² = ₹33.
What is the simple interest on ₹8,500 at 12% per annum for 5 years?
- A₹6,120
- B₹5,100
- C₹4,080
- D₹5,610
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Answer: (B) ₹5,100
SI = P × R × T / 100 = 8500 × 12 × 5 / 100 = ₹5,100.
What is the difference between compound interest and simple interest on ₹1,200 for 2 years at 20% per annum?
- A₹48
- B₹72
- C₹96
- D₹240
Show answer
Answer: (A) ₹48
For 2 years, CI − SI = P × (R/100)² = ₹48.
What is the simple interest on ₹12,500 at 12% per annum for 6 years?
- A₹10,500
- B₹9,000
- C₹7,500
- D₹9,900
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Answer: (B) ₹9,000
SI = P × R × T / 100 = 12500 × 12 × 6 / 100 = ₹9,000.
What is the difference between compound interest and simple interest on ₹2,800 for 2 years at 10% per annum?
- A₹42
- B₹56
- C₹280
- D₹28
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Answer: (D) ₹28
For 2 years, CI − SI = P × (R/100)² = ₹28.
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Timed Mathematical Skills test · 30 questions · instant rank
What is the simple interest on ₹17,000 at 4% per annum for 6 years?
- A₹4,080
- B₹4,760
- C₹680
- D₹3,400
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Answer: (A) ₹4,080
SI = P × R × T / 100 = 17000 × 4 × 6 / 100 = ₹4,080.
What is the compound interest on ₹500 for 2 years at 10% per annum, compounded annually?
- A₹155
- B₹100
- C₹105
- D₹115.50
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Answer: (C) ₹105
CI = P[(1 + R/100)² − 1] = ₹105.
What is the simple interest on ₹8,500 at 8% per annum for 4 years?
- A₹3,400
- B₹2,992
- C₹2,720
- D₹680
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Answer: (C) ₹2,720
SI = P × R × T / 100 = 8500 × 8 × 4 / 100 = ₹2,720.
What is the compound interest on ₹10,800 for 2 years at 5% per annum, compounded annually?
- A₹999
- B₹1,647
- C₹1,080
- D₹1,107
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Answer: (D) ₹1,107
CI = P[(1 + R/100)² − 1] = ₹1,107.
What is the simple interest on ₹21,000 at 4% per annum for 4 years?
- A₹2,520
- B₹3,696
- C₹3,360
- D₹840
Show answer
Answer: (C) ₹3,360
SI = P × R × T / 100 = 21000 × 4 × 4 / 100 = ₹3,360.
What is the compound interest on ₹600 for 2 years at 20% per annum, compounded annually?
- A₹290.40
- B₹264
- C₹240
- D₹258
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Answer: (B) ₹264
CI = P[(1 + R/100)² − 1] = ₹264.
What is the difference between compound interest and simple interest on ₹1,600 for 2 years at 10% per annum?
- A₹32
- B₹24
- C₹160
- D₹16
Show answer
Answer: (D) ₹16
For 2 years, CI − SI = P × (R/100)² = ₹16.
What is the difference between compound interest and simple interest on ₹3,900 for 2 years at 10% per annum?
- A₹78
- B₹390
- C₹49
- D₹39
Show answer
Answer: (D) ₹39
For 2 years, CI − SI = P × (R/100)² = ₹39.
What is the simple interest on ₹3,000 at 8% per annum for 3 years?
- A₹720
- B₹960
- C₹792
- D₹480
Show answer
Answer: (A) ₹720
SI = P × R × T / 100 = 3000 × 8 × 3 / 100 = ₹720.
These are RankerClub practice questions written in the MAT pattern. They are not official SSC/IBPS/RRB papers.
