Simple Interest- SA PA Exam-Practice high-quality MCQs for the PA SA Exam covering key postal rules, procedures, and current schemes. Ideal for quick revision and accurate self-assessment based on the latest syllabus.
1. What is the simple interest on a principal of ₹5000 at 8% per annum for 2 years?
a) ₹400
b) ₹800
c) ₹600
d) ₹700
[show_answer]The correct answer is: B [/show_answer]
2. A sum of ₹1500 is invested at 5% simple interest per annum for 3 years. What will be the total interest earned?
a) ₹100
b) ₹150
c) ₹200
d) ₹225
[show_answer]The correct answer is: D [/show_answer]
3. If the simple interest on a sum of money is ₹250 at 5% per annum for 2 years, what is the principal amount?
a) ₹2500
b) ₹2200
c) ₹2300
d) ₹2400
[show_answer]The correct answer is: A [/show_answer]
4. A sum of ₹8000 is invested for 4 years at 6% simple interest per annum. What is the total interest earned?
a) ₹1600
b) ₹2000
c) ₹2400
d) ₹2800
[show_answer]The correct answer is: A [/show_answer]
5. A sum of ₹5000 is invested at 10% per annum for 5 years. What will be the total amount after 5 years?
a) ₹5500
b) ₹6000
c) ₹6500
d) ₹7000
[show_answer]The correct answer is: B [/show_answer]
6. The simple interest on a certain sum of money is ₹400 at 8% per annum for 4 years. What is the principal amount?
a) ₹1200
b) ₹1300
c) ₹1400
d) ₹1500
[show_answer]The correct answer is: C [/show_answer]
7. A person borrows ₹2000 at 12% simple interest per annum. What will be the total interest for 3 years?
a) ₹480
b) ₹540
c) ₹720
d) ₹660
[show_answer]The correct answer is: C [/show_answer]
8. The simple interest on a certain sum is ₹360 at 9% per annum for 4 years. What is the principal amount?
a) ₹800
b) ₹900
c) ₹1000
d) ₹1100
[show_answer]The correct answer is: C [/show_answer]
9. A sum of ₹1200 is invested at 5% simple interest for 3 years. What will be the total amount after 3 years?
a) ₹1300
b) ₹1350
c) ₹1400
d) ₹1450
[show_answer]The correct answer is: B [/show_answer]
10. The simple interest on a sum is ₹2400 at 6% per annum for 5 years. What is the principal amount?
a) ₹8000
b) ₹8500
c) ₹9000
d) ₹9500
[show_answer]The correct answer is: A [/show_answer]
