Rs. 10000 is lent at 6% per annum simple interest. Interest earned in 5 years is MCQ with Answer and Explanation

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Rs. 10000 is lent at 6% per annum simple interest. Interest earned in 5 years is

A. Rs. 2500

B. Rs. 3000

C. Rs. 2800

D. Rs. 3200

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (10000 × 6 × 5)/100 = 3000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 56000 for 2 years at 12% per annum is

A. Rs. 13840

B. Rs. 13440

C. Rs. 13640

D. Rs. 13240

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Correct Answer: Option B

Explanation:
SI = (56000 × 12 × 2)/100 = 13440.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 108000 for 3 years at 8% per annum is

A. Rs. 25920

B. Rs. 26120

C. Rs. 26320

D. Rs. 25720

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Correct Answer: Option A

Explanation:
SI = (108000 × 8 × 3)/100 = 25920.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 140000 at 9% to amount Rs. 196000

A. 4 years

B. 3 years

C. 5 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 56000. T = (56000 * 100)/(140000 * 9) = 4 years.

This question belongs to: Maths Simple Interest

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