A sum at 4% SI for 8 years amounts to Rs. 67200. Principal MCQ with Answer and Explanation

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A sum at 4% SI for 8 years amounts to Rs. 67200. Principal

A. Rs. 49000

B. Rs. 46000

C. Rs. 48000

D. Rs. 47000

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 19200. P = 67200 - 19200 = 48000.

This question belongs to: Maths Simple Interest

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Question #1

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The principal that gives Rs. 604800 interest in 8 years at 12% SI is

A. Rs. 629000

B. Rs. 628000

C. Rs. 631000

D. Rs. 630000

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Correct Answer: Option D

Explanation:
P = (604800 × 100)/(12 × 8) = 630000.

This question belongs to: Maths Simple Interest

Question #2

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Rate when Rs. 259000 amounts to Rs. 336700 in 3 years

A. 8%

B. 10%

C. 12%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 77700. R = (77700 * 100)/(259000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 3051000 amount to Rs. 4271400 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 1220400. T = (1220400 × 100)/(3051000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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