Principal for Rs. 10800 interest in 6 years at 6% MCQ with Answer and Explanation

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Principal for Rs. 10800 interest in 6 years at 6%

A. Rs. 28000

B. Rs. 29000

C. Rs. 30000

D. Rs. 31000

Answer: Option C

Solution (By JKSSB Mock Tests)

P = (10800 * 100)/(6 * 6) = 30000.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 4095000 amounts to Rs. 5733000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 1638000. R = (1638000 × 100)/(4095000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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A sum amounts to Rs. 95760 in 5 years at 8% SI. Principal

A. Rs. 61000

B. Rs. 62000

C. Rs. 64000

D. Rs. 63000

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Correct Answer: Option D

Explanation:
SI = 32760. P = 95760 - 32760 = 63000.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 972000 for 2 years at 29% per annum is

A. Rs. 563560

B. Rs. 563960

C. Rs. 563760

D. Rs. 564160

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Correct Answer: Option C

Explanation:
SI = (972000 × 29 × 2)/100 = 563760.

This question belongs to: Maths Simple Interest

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