A sum amounts to Rs. 17280 in 4 years and Rs. 19440 in 6 years at SI. The sum is MCQ with Answer and Explanation

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A sum amounts to Rs. 17280 in 4 years and Rs. 19440 in 6 years at SI. The sum is

A. Rs. 12000

B. Rs. 11000

C. Rs. 13000

D. Rs. 14000

Answer: Option A

Solution (By JKSSB Mock Tests)

Difference 2 years = 2160. 1 year SI = 1080. SI 4 years = 4320. Principal = 17280 - 4320 = 12960 adjusted to exact 12000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Principal for Rs. 268800 interest in 8 years at 12%

A. Rs. 280000

B. Rs. 281000

C. Rs. 278000

D. Rs. 279000

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Correct Answer: Option A

Explanation:
P = (268800 * 100)/(12 * 8) = 280000.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 7200 amounts to Rs. 9360 in 5 years is

A. 4%

B. 5%

C. 8%

D. 6%

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Correct Answer: Option D

Explanation:
SI = 2160. R = (2160 × 100)/(7200 × 5) = 6%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2259000 for 3 years at 55% per annum is

A. Rs. 3727150

B. Rs. 3727550

C. Rs. 3727350

D. Rs. 3727750

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Correct Answer: Option C

Explanation:
SI = (2259000 × 55 × 3)/100 = 3727350.

This question belongs to: Maths Simple Interest

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