Rs. 15000 lent at 8% per annum simple interest. Interest in 4 years is MCQ with Answer and Explanation

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Rs. 15000 lent at 8% per annum simple interest. Interest in 4 years is

A. Rs. 5000

B. Rs. 5200

C. Rs. 4800

D. Rs. 4600

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (15000 × 8 × 4)/100 = 4800.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 1058400 interest in 8 years at 13% SI is

A. Rs. 1010500

B. Rs. 1012500

C. Rs. 1011500

D. Rs. 1013500

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Correct Answer: Option B

Explanation:
P = (1058400 × 100)/(13 × 8) = 1012500.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 100800 interest in 8 years at 9% SI is

A. Rs. 141000

B. Rs. 138000

C. Rs. 139000

D. Rs. 140000

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Correct Answer: Option D

Explanation:
P = (100800 × 100)/(9 × 8) = 140000.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 3150000 amounts to Rs. 4410000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1260000. R = (1260000 × 100)/(3150000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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