Simple interest on Rs. 108500 for 4 years at 7% MCQ with Answer and Explanation

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Simple interest on Rs. 108500 for 4 years at 7%

A. Rs. 30580

B. Rs. 30780

C. Rs. 30380

D. Rs. 30180

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (108500 * 7 * 4)/100 = 30380.

This question belongs to: Maths Simple Interest

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Question #1

Rate for Rs. 42000 to Rs. 54600 in 3 years SI

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 12600. R = (12600 * 100)/(42000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 603000 amounts to Rs. 783900 in 3 years is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 180900. R = (180900 × 100)/(603000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 450000 amounts to Rs. 585000 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 135000. R = (135000 × 100)/(450000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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