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Simple & Compound Interest MCQs 2026

45 questions with detailed answers · 16 from past papers · 5 quiz batches available

📚 Maths Mcqs 📄 16 Past-Paper Qs ✓ Free · No Login Needed
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Read each question, think about the answer, then click Show Answer to reveal the correct option and explanation. Load 10 at a time so it stays manageable — perfect for one-topic study sessions on the bus or during a break.

Page 1 of 1 Questions 1–10 of 45
  1. Q1 medium

    The Simple Interest on 250 at 8% for 2 years is

    1. A 20
    2. B 25
    3. C 50
    4. D 40
    💡 Explanation:

    SI = (250×8×2)/100 = 40.

  2. Q2 medium

    The Amount on 2000 at 5% simple interest for 2 years is

    1. A 2000
    2. B 2100
    3. C 2200
    4. D 2400
    💡 Explanation:

    SI = 200; Amount = 2000 + 200 = 2200.

  3. Q3 Past Paper · PPSC/FPSC/NTS easy

    The interest calculated only on the original principal is called

    1. A Simple interest
    2. B Compound interest
    3. C Discount
    4. D Commission
    💡 Explanation:

    Simple interest is calculated only on the original principal.

  4. Q4 Past Paper · PPSC/FPSC/NTS easy

    The interest calculated on principal plus accumulated interest is called

    1. A Simple interest
    2. B Discount
    3. C Compound interest
    4. D Commission
    💡 Explanation:

    Compound interest is charged on the principal plus previously earned interest.

  5. Q5 easy

    The Simple Interest on 2000 at 5% for 2 years is

    1. A 100
    2. B 200
    3. C 250
    4. D 400
    💡 Explanation:

    SI = (2000×5×2)/100 = 200.

  6. Q6 Past Paper · PPSC/FPSC/NTS medium

    The Amount on 1000 at 10% simple interest for 2 years is

    1. A 1000
    2. B 1100
    3. C 1300
    4. D 1200
    💡 Explanation:

    SI = 200; Amount = 1000 + 200 = 1200.

  7. Q7 easy

    The Simple Interest on 400 at 5% for 3 years is

    1. A 60
    2. B 40
    3. C 20
    4. D 120
    💡 Explanation:

    SI = (400×5×3)/100 = 60.

  8. Q8 medium

    The compound amount on 1000 at 10% for 1 year is

    1. A 1000
    2. B 1210
    3. C 1100
    4. D 1110
    💡 Explanation:

    A = 1000×(1.1)¹ = 1100.

  9. Q9 easy

    The Simple Interest on 1000 at 8% for 1 year is

    1. A 8
    2. B 108
    3. C 100
    4. D 80
    💡 Explanation:

    SI = (1000×8×1)/100 = 80.

  10. Q10 hard

    The Compound Interest on 5000 at 10% for 2 years is

    1. A 500
    2. B 1050
    3. C 1000
    4. D 550
    💡 Explanation:

    A = 5000×(1.1)² = 6050; CI = 6050 − 5000 = 1050.

  11. Q11 medium

    If the principal doubles and rate and time stay the same, the simple interest

    1. A Doubles
    2. B Halves
    3. C Stays the same
    4. D Becomes zero
    💡 Explanation:

    SI is directly proportional to principal, so doubling P doubles the SI.

  12. Q12 medium

    The Simple Interest on 1500 at 4% for 2 years is

    1. A 60
    2. B 150
    3. C 120
    4. D 240
    💡 Explanation:

    SI = (1500×4×2)/100 = 120.

  13. Q13 medium

    In how many years will 1000 give 300 as SI at 10% per annum

    1. A 1
    2. B 2
    3. C 5
    4. D 3
    💡 Explanation:

    T = (300×100)/(1000×10) = 3 years.

  14. Q14 Past Paper · PPSC/FPSC/NTS medium

    For a period of more than 1 year, compound interest is generally ______ the simple interest

    1. A Less than
    2. B Greater than
    3. C Equal to
    4. D Half of
    💡 Explanation:

    Because interest earns interest, CI exceeds SI for periods longer than one year.

  15. Q15 easy

    The Simple Interest on 10000 at 5% for 1 year is

    1. A 500
    2. B 5000
    3. C 1000
    4. D 50
    💡 Explanation:

    SI = (10000×5×1)/100 = 500.

  16. Q16 medium

    The Simple Interest on 3000 at 6% for 2 years is

    1. A 360
    2. B 180
    3. C 300
    4. D 600
    💡 Explanation:

    SI = (3000×6×2)/100 = 360.

  17. Q17 Past Paper · PPSC/FPSC/NTS hard

    At 10% per annum simple interest, in how many years will a sum double

    1. A 5
    2. B 10
    3. C 20
    4. D 2
    💡 Explanation:

    To double, interest must equal the principal (100%); 100 ÷ 10 = 10 years.

  18. Q18 hard

    The principal on which the SI at 5% for 4 years is 200 is

    1. A 500
    2. B 800
    3. C 2000
    4. D 1000
    💡 Explanation:

    P = (SI×100)/(R×T) = (200×100)/(5×4) = 1000.

  19. Q19 medium

    The Compound Interest on 800 at 25% for 1 year equals

    1. A 100
    2. B 250
    3. C 200
    4. D 25
    💡 Explanation:

    For one year CI = SI = (800×25×1)/100 = 200.

  20. Q20 Past Paper · PPSC/FPSC/NTS easy

    SI stands for

    1. A Standard Interest
    2. B Simple Interest
    3. C System Interest
    4. D Single Interest
    💡 Explanation:

    SI stands for Simple Interest.

  21. Q21 Past Paper · PPSC/FPSC/NTS easy

    The formula for Simple Interest is

    1. A P × R × T
    2. B P + R + T
    3. C PR ÷ T
    4. D (P × R × T) ÷ 100
    💡 Explanation:

    Simple Interest = (Principal × Rate × Time) ÷ 100.

  22. Q22 easy

    In the Simple Interest formula, P stands for

    1. A Principal
    2. B Percentage
    3. C Period
    4. D Profit
    💡 Explanation:

    P stands for Principal, the original sum of money.

  23. Q23 easy

    In the Simple Interest formula, R stands for

    1. A Ratio
    2. B Return
    3. C Rate of interest
    4. D Reduction
    💡 Explanation:

    R stands for the Rate of interest, usually per annum.

  24. Q24 easy

    In the Simple Interest formula, T stands for

    1. A Total
    2. B Time
    3. C Tax
    4. D Term price
    💡 Explanation:

    T stands for Time, usually measured in years.

  25. Q25 Past Paper · PPSC/FPSC/NTS easy

    The Simple Interest on 1000 at 5% for 2 years is

    1. A 50
    2. B 200
    3. C 500
    4. D 100
    💡 Explanation:

    SI = (1000×5×2)/100 = 100.

  26. Q26 Past Paper · PPSC/FPSC/NTS easy

    The Simple Interest on 2000 at 10% for 1 year is

    1. A 200
    2. B 100
    3. C 400
    4. D 2200
    💡 Explanation:

    SI = (2000×10×1)/100 = 200.

  27. Q27 easy

    The Simple Interest on 500 at 4% for 2 years is

    1. A 20
    2. B 80
    3. C 40
    4. D 100
    💡 Explanation:

    SI = (500×4×2)/100 = 40.

  28. Q28 easy

    The Simple Interest on 1000 at 10% for 3 years is

    1. A 100
    2. B 300
    3. C 200
    4. D 1300
    💡 Explanation:

    SI = (1000×10×3)/100 = 300.

  29. Q29 medium

    The Simple Interest on 1200 at 5% for 2 years is

    1. A 60
    2. B 240
    3. C 100
    4. D 120
    💡 Explanation:

    SI = (1200×5×2)/100 = 120.

  30. Q30 easy

    The Simple Interest on 800 at 5% for 1 year is

    1. A 40
    2. B 80
    3. C 50
    4. D 400
    💡 Explanation:

    SI = (800×5×1)/100 = 40.

  31. Q31 Past Paper · PPSC/FPSC/NTS easy

    The Amount (A) equals

    1. A P − SI
    2. B SI − P
    3. C P + SI
    4. D P × SI
    💡 Explanation:

    Amount = Principal + Simple Interest.

  32. Q32 easy

    If P = 1000 and SI = 100, the amount is

    1. A 900
    2. B 1100
    3. C 1000
    4. D 1010
    💡 Explanation:

    Amount = 1000 + 100 = 1100.

  33. Q33 medium

    The Simple Interest on 5000 at 2% for 3 years is

    1. A 100
    2. B 200
    3. C 500
    4. D 300
    💡 Explanation:

    SI = (5000×2×3)/100 = 300.

  34. Q34 Past Paper · PPSC/FPSC/NTS easy

    CI stands for

    1. A Compound Interest
    2. B Common Interest
    3. C Central Interest
    4. D Credit Interest
    💡 Explanation:

    CI stands for Compound Interest.

  35. Q35 Past Paper · PPSC/FPSC/NTS medium

    The formula for Amount under compound interest is

    1. A P(1 + RT)
    2. B P + R + T
    3. C P(1 + R/100) raised to power T
    4. D (P × R × T)/100
    💡 Explanation:

    Compound amount A = P(1 + R/100)^T.

  36. Q36 Past Paper · PPSC/FPSC/NTS medium

    The Compound Interest on 1000 at 10% for 2 years is

    1. A 200
    2. B 210
    3. C 100
    4. D 220
    💡 Explanation:

    A = 1000×(1.1)² = 1210; CI = 1210 − 1000 = 210.

  37. Q37 hard

    The Compound Interest on 2000 at 5% for 2 years is

    1. A 200
    2. B 100
    3. C 210
    4. D 205
    💡 Explanation:

    A = 2000×(1.05)² = 2205; CI = 2205 − 2000 = 205.

  38. Q38 Past Paper · PPSC/FPSC/NTS medium

    For 1 year, the compound interest and simple interest are

    1. A Equal
    2. B Always double
    3. C Always half
    4. D Zero
    💡 Explanation:

    For one year (compounded annually), CI equals SI.

  39. Q39 medium

    The Compound Interest on 100 at 10% for 2 years is

    1. A 20
    2. B 10
    3. C 21
    4. D 121
    💡 Explanation:

    A = 100×(1.1)² = 121; CI = 121 − 100 = 21.

  40. Q40 easy

    At 10% per annum, the simple interest on 500 for 1 year is

    1. A 100
    2. B 50
    3. C 25
    4. D 500
    💡 Explanation:

    SI = (500×10×1)/100 = 50.

  41. Q41 easy

    The Simple Interest on 600 at 10% for 2 years is

    1. A 60
    2. B 600
    3. C 100
    4. D 120
    💡 Explanation:

    SI = (600×10×2)/100 = 120.

  42. Q42 easy

    The rate of interest is usually expressed

    1. A Per annum (per year)
    2. B Per day
    3. C Per second
    4. D Per item
    💡 Explanation:

    Interest rates are usually expressed per annum (per year).

  43. Q43 Past Paper · PPSC/FPSC/NTS hard

    If SI = 100, P = 1000 and T = 2 years, the rate is

    1. A 10%
    2. B 2%
    3. C 5%
    4. D 20%
    💡 Explanation:

    R = (SI×100)/(P×T) = (100×100)/(1000×2) = 5%.

  44. Q44 Past Paper · PPSC/FPSC/NTS hard

    If SI = 200, P = 1000 and R = 10%, the time is

    1. A 1 year
    2. B 2 years
    3. C 3 years
    4. D 4 years
    💡 Explanation:

    T = (SI×100)/(P×R) = (200×100)/(1000×10) = 2 years.

  45. Q45 hard

    If SI = 150, R = 5% and T = 3 years, the principal is

    1. A 500
    2. B 750
    3. C 1500
    4. D 1000
    💡 Explanation:

    P = (SI×100)/(R×T) = (150×100)/(5×3) = 1000.

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