Simple interest on Rs. 15000 for 5 years at 8% is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 15000 for 5 years at 8% is

A. Rs. 6200

B. Rs. 6000

C. Rs. 5800

D. Rs. 6400

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (15000 × 8 × 5)/100 = 6000.

This question belongs to: Maths Simple Interest

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Question #1

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The principal that gives Rs. 25200 interest in 5 years at 8% SI is

A. Rs. 63000

B. Rs. 64000

C. Rs. 62000

D. Rs. 61000

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Correct Answer: Option A

Explanation:
P = (25200 × 100)/(8 × 5) = 63000.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 3051000 amount to Rs. 4271400 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 = 1220400. T = (1220400 × 100)/(3051000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 4590000 amounts to Rs. 6426000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 1836000. R = (1836000 × 100)/(4590000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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