Simple interest on Rs. 108000 for 4 years at 6% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 108000 for 4 years at 6% per annum is

A. Rs. 25720

B. Rs. 26320

C. Rs. 26120

D. Rs. 25920

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (108000 × 6 × 4)/100 = 25920.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1899000 for 3 years at 47% per annum is

A. Rs. 2677870

B. Rs. 2678470

C. Rs. 2678270

D. Rs. 2678070

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Correct Answer: Option D

Explanation:
SI = (1899000 × 47 × 3)/100 = 2678070.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 28000 amount to Rs. 39200 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 11200. T = (11200 × 100)/(28000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 486000 amounts to Rs. 680400 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 194400. R = (194400 × 100)/(486000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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