Rate of SI if principal Rs. 28000 gives Rs. 6720 in 3 years MCQ with Answer and Explanation

Question
Rate of SI if principal Rs. 28000 gives Rs. 6720 in 3 years
A. 7%
B. 10%
C. 8%
D. 6%
Answer: Option C
Solution (By JKSSB Mock Tests)
R = (6720 * 100)/(28000 * 3) = 8%.
This question belongs to: Maths Simple Interest
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Question #1
A sum of Rs. 2475000 amounts to Rs. 3465000 in 4 years at simple interest. The rate is
A. 9%
B. 12%
C. 10%
D. 8%
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Correct Answer: Option C

Explanation:
SI = 990000. R = (990000 × 100)/(2475000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #2
Simple interest Rs. 28800 for 2 years at 9%
A. Rs. 5184
B. Rs. 5384
C. Rs. 5584
D. Rs. 4984
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Correct Answer: Option A

Explanation:
SI = (28800 * 9 * 2)/100 = 5184.
This question belongs to: Maths Simple Interest
Question #3
In how many years will Rs. 2016000 amount to Rs. 2822400 at 8% simple interest?
A. 4 years
B. 6 years
C. 5 years
D. 7 years
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Correct Answer: Option C

Explanation:
SI = 806400. T = (806400 × 100)/(2016000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
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