Simple interest on Rs. 206500 for 3 years at 16% MCQ with Answer and Explanation

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Simple interest on Rs. 206500 for 3 years at 16%

A. Rs. 99440

B. Rs. 99240

C. Rs. 99040

D. Rs. 98840

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (206500 * 16 * 3)/100 = 99040.

This question belongs to: Maths Simple Interest

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Question #1

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The principal that gives Rs. 13759200 interest in 9 years at 34% SI is

A. Rs. 4498000

B. Rs. 4500000

C. Rs. 4501000

D. Rs. 4499000

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Correct Answer: Option B

Explanation:
P = (13759200 × 100)/(34 × 9) = 4500000.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 945000 amounts to Rs. 1323000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 378000. R = (378000 × 100)/(945000 × 4) = 10%.

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Question #3

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A sum of Rs. 2385000 amounts to Rs. 3339000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 954000. R = (954000 × 100)/(2385000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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