A sum at 12% SI for 4 years amounts to Rs. 224000. Principal MCQ with Answer and Explanation

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A sum at 12% SI for 4 years amounts to Rs. 224000. Principal

A. Rs. 138000

B. Rs. 140000

C. Rs. 139000

D. Rs. 141000

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 84000. P = 224000 - 84000 = 140000.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 56000 for 2 years at 12% per annum is

A. Rs. 13640

B. Rs. 13240

C. Rs. 13840

D. Rs. 13440

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Correct Answer: Option D

Explanation:
SI = (56000 × 12 × 2)/100 = 13440.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 1980000 amounts to Rs. 2772000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 792000. R = (792000 × 100)/(1980000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 63000 for 3 years at 9% per annum is

A. Rs. 17210

B. Rs. 16810

C. Rs. 17410

D. Rs. 17010

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Correct Answer: Option D

Explanation:
SI = (63000 × 9 × 3)/100 = 17010.

This question belongs to: Maths Simple Interest

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