Principal for Rs. 672000 interest in 8 years at 12% MCQ with Answer and Explanation

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Principal for Rs. 672000 interest in 8 years at 12%

A. Rs. 698000

B. Rs. 700000

C. Rs. 699000

D. Rs. 701000

Answer: Option B

Solution (By JKSSB Mock Tests)

P = (672000 * 100)/(12 * 8) = 700000.

This question belongs to: Maths Simple Interest

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Question #1

The principal giving Rs. 151200 SI in 9 years at 8%

A. Rs. 210000

B. Rs. 211000

C. Rs. 209000

D. Rs. 208000

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Correct Answer: Option A

Explanation:
P = (151200 * 100)/(8 * 9) = 210000.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 90000 amounts to Rs. 126000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 36000. R = (36000 × 100)/(90000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 1818000 amounts to Rs. 2363400 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 545400. R = (545400 × 100)/(1818000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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