A man borrowed Rs. 15000 at 10% simple interest. He repaid Rs. 9000 after 2 years. Amount to be paid at end of 4 years to clear debt is MCQ with Answer and Explanation

Question

A man borrowed Rs. 15000 at 10% simple interest. He repaid Rs. 9000 after 2 years. Amount to be paid at end of 4 years to clear debt is

A. Rs. 10800

B. Rs. 9600

C. Rs. 13200

D. Rs. 12000

Answer: Option A

Solution (By JKSSB Mock Tests)

SI for 2 years on 15000 = 3000. Amount = 18000. Paid 9000. Remaining 9000 for 2 years. SI = 1800. Total = 10800.

This question belongs to: Maths Simple Interest

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Question #1

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Simple interest on Rs. 729000 for 3 years at 21% per annum is

A. Rs. 459470

B. Rs. 459270

C. Rs. 459670

D. Rs. 459070

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Correct Answer: Option B

Explanation:
SI = (729000 × 21 × 3)/100 = 459270.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 150500 for 4 years at 6%

A. Rs. 36320

B. Rs. 35920

C. Rs. 36120

D. Rs. 36520

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Correct Answer: Option C

Explanation:
SI = (150500 * 6 * 4)/100 = 36120.

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Question #3

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In how many years will Rs. 351000 amount to Rs. 491400 at 8% simple interest?

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 140400. T = (140400 × 100)/(351000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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