Simple interest on a sum for 3 years at 15% is Rs. 6750. The sum is MCQ with Answer and Explanation

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Simple interest on a sum for 3 years at 15% is Rs. 6750. The sum is

A. Rs. 13000

B. Rs. 15000

C. Rs. 14000

D. Rs. 16000

Answer: Option B

Solution (By JKSSB Mock Tests)

P = (6750 × 100)/(15 × 3) = 15000.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 1674000 for 3 years at 42% per annum is

A. Rs. 2113040

B. Rs. 2112840

C. Rs. 2112640

D. Rs. 2113240

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Correct Answer: Option B

Explanation:
SI = (1674000 × 42 × 3)/100 = 2112840.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 54000 amount to Rs. 75600 at 8% simple interest?

A. 6 years

B. 4 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 21600. T = (21600 × 100)/(54000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 450000 amounts to Rs. 630000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 180000. R = (180000 × 100)/(450000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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