Simple interest on Rs. 15000 for 4 years at 8% is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 15000 for 4 years at 8% is

A. Rs. 5000

B. Rs. 5200

C. Rs. 4800

D. Rs. 4600

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (15000 × 8 × 4)/100 = 4800.

This question belongs to: Maths Simple Interest

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Question #1

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Simple interest on Rs. 2547000 for 2 years at 64% per annum is

A. Rs. 3258720

B. Rs. 3258920

C. Rs. 3259120

D. Rs. 3258520

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Correct Answer: Option A

Explanation:
SI = (2547000 × 64 × 2)/100 = 3258720.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 441000 for 2 years at 18% per annum is

A. Rs. 158760

B. Rs. 159160

C. Rs. 158960

D. Rs. 158560

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Correct Answer: Option A

Explanation:
SI = (441000 × 18 × 2)/100 = 158760.

This question belongs to: Maths Simple Interest

Question #3

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Years for Rs. 238000 at 7% to give Rs. 99960 interest

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option D

Explanation:
T = (99960 * 100)/(238000 * 7) = 6 years.

This question belongs to: Maths Simple Interest

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