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. 26120

B. Rs. 25920

C. Rs. 26320

D. Rs. 25720

Answer: Option B

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

Principal for Rs. 537600 interest in 7 years at 12%

A. Rs. 639000

B. Rs. 640000

C. Rs. 638000

D. Rs. 641000

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Correct Answer: Option B

Explanation:
P = (537600 * 100)/(12 * 7) = 640000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 982800 interest in 9 years at 12% SI is

A. Rs. 909000

B. Rs. 908000

C. Rs. 911000

D. Rs. 910000

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Correct Answer: Option D

Explanation:
P = (982800 × 100)/(12 × 9) = 910000.

This question belongs to: Maths Simple Interest

Question #3

SI on Rs. 59500 for 2 years at 6%

A. Rs. 7540

B. Rs. 7340

C. Rs. 6940

D. Rs. 7140

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Correct Answer: Option D

Explanation:
SI = (59500 * 6 * 2)/100 = 7140.

This question belongs to: Maths Simple Interest

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