Simple interest on Rs. 108000 for 3 years at 8% per annum is MCQ with Answer and Explanation

Question

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

A. Rs. 26320

B. Rs. 25720

C. Rs. 25920

D. Rs. 26120

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (108000 × 8 × 3)/100 = 25920.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years Rs. 37643 will amount to Rs. 71521 at 9% simple interest?

A. 10 years

B. 9 years

C. 11 years

D. 12 years

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Correct Answer: Option A

Explanation:
SI = 33878. T = (33878 * 100)/(37643 * 9) = 10 years.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 10094400 interest in 9 years at 28% SI is

A. Rs. 3999000

B. Rs. 3998000

C. Rs. 4001000

D. Rs. 4000000

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Correct Answer: Option D

Explanation:
P = (10094400 × 100)/(28 × 9) = 4000000.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 2916000 amount to Rs. 4082400 at 8% simple interest?

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 1166400. T = (1166400 × 100)/(2916000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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