Simple interest on Rs. 16500 for 4 years at 10% MCQ with Answer and Explanation

Question
Simple interest on Rs. 16500 for 4 years at 10%
A. Rs. 7000
B. Rs. 6800
C. Rs. 6600
D. Rs. 6400
Answer: Option C
Solution (By JKSSB Mock Tests)
SI = (16500 * 10 * 4)/100 = 6600.
This question belongs to: Maths Simple Interest
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Practice More Simple Interest Questions

Question #1
The principal that gives Rs. 126000 interest in 5 years at 6% SI is
A. Rs. 420000
B. Rs. 421000
C. Rs. 419000
D. Rs. 418000
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Correct Answer: Option A

Explanation:
P = (126000 × 100)/(6 × 5) = 420000.
This question belongs to: Maths Simple Interest
Question #2
A sum at 13% SI for 4 years amounts to Rs. 210000. Principal
A. Rs. 140000
B. Rs. 139000
C. Rs. 141000
D. Rs. 138000
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Correct Answer: Option A

Explanation:
SI = 70000. P = 210000 - 70000 = 140000.
This question belongs to: Maths Simple Interest
Question #3
The rate at which Rs. 3348000 amounts to Rs. 4352400 in 3 years is
A. 12%
B. 10%
C. 9%
D. 8%
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Correct Answer: Option B

Explanation:
SI = 1004400. R = (1004400 × 100)/(3348000 × 3) = 10%.
This question belongs to: Maths Simple Interest
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