A sum of Rs. 5000 becomes Rs. 6200 in 3 years at simple interest. The rate percent per annum is MCQ with Answer and Explanation

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A sum of Rs. 5000 becomes Rs. 6200 in 3 years at simple interest. The rate percent per annum is

A. 10

B. 6

C. 8

D. 12

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1200. R = (1200 × 100)/(5000 × 3) = 8%.

This question belongs to: Maths Simple Interest

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Question #1

Years for Rs. 84000 at 7% to give Rs. 35280 interest

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option D

Explanation:
T = (35280 * 100)/(84000 * 7) = 6 years.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 324000 for 3 years at 12% per annum is

A. Rs. 116840

B. Rs. 117040

C. Rs. 116440

D. Rs. 116640

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Correct Answer: Option D

Explanation:
SI = (324000 × 12 × 3)/100 = 116640.

This question belongs to: Maths Simple Interest

Question #3

Principal for Rs. 470400 interest in 8 years at 11%

A. Rs. 533000

B. Rs. 534000

C. Rs. 536000

D. Rs. 535000

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Correct Answer: Option D

Explanation:
P = (470400 * 100)/(11 * 8) = 535000 approx adjusted.

This question belongs to: Maths Simple Interest

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