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

Question

Share Report Error

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

A. Rs. 5800

B. Rs. 6000

C. Rs. 6400

D. Rs. 6200

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (15000 × 8 × 5)/100 = 6000.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

Share Report

Simple interest on Rs. 324000 for 3 years at 12% per annum is

A. Rs. 116440

B. Rs. 116840

C. Rs. 116640

D. Rs. 117040

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SI = (324000 × 12 × 3)/100 = 116640.

This question belongs to: Maths Simple Interest

Question #2

Share Report

A sum of Rs. 90000 amounts to Rs. 126000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI = 36000. R = (36000 × 100)/(90000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Share Report

The rate at which Rs. 4338000 amounts to Rs. 5640000 approx in 3 years is adjusted to exact 10%

A. 8%

B. 10%

C. 12%

D. 9%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = 1301400 approx, R = 10%.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs