SI on Rs. 15000 for 5 years at 7% is MCQ with Answer and Explanation

SI on Rs. 15000 for 5 years at 7% is
A. Rs. 5050
B. Rs. 5650
C. Rs. 5250
D. Rs. 5450
Answer: Option C
Solution (By JKSSB Mock Tests)
SI = (15000 * 7 * 5)/100 = 5250.

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1
Simple interest on Rs. 549000 for 3 years at 17% per annum is
A. Rs. 279990
B. Rs. 279790
C. Rs. 280390
D. Rs. 280190

Correct Answer: Option A


Explanation:
SI = (549000 × 17 × 3)/100 = 279990.

This question belongs to: Maths Simple Interest
Question #2
The rate at which Rs. 2538000 amounts to Rs. 3299400 in 3 years is
A. 9%
B. 8%
C. 12%
D. 10%

Correct Answer: Option D


Explanation:
SI = 761400. R = (761400 × 100)/(2538000 × 3) = 10%.

This question belongs to: Maths Simple Interest
Question #3
A sum of Rs. 3870000 amounts to Rs. 5418000 in 4 years at simple interest. The rate is
A. 10%
B. 9%
C. 12%
D. 8%

Correct Answer: Option A


Explanation:
SI = 1548000. R = (1548000 × 100)/(3870000 × 4) = 10%.

This question belongs to: Maths Simple Interest