Simple interest on Rs. 20700 for 5 years at 11% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 20700 for 5 years at 11% per annum is

A. Rs. 11585

B. Rs. 11785

C. Rs. 11385

D. Rs. 11185

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (20700 × 11 × 5)/100 = 11385.

This question belongs to: Maths Simple Interest

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Question #1

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The rate at which Rs. 4608000 amounts to Rs. 5980000 approx in 3 years is adjusted to exact 10%

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 1375200 approx, R = 10%.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 198000 amounts to Rs. 277200 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 79200. R = (79200 × 100)/(198000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 126000 for 2 years at 8% per annum is

A. Rs. 20360

B. Rs. 20560

C. Rs. 19960

D. Rs. 20160

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Correct Answer: Option D

Explanation:
SI = (126000 × 8 × 2)/100 = 20160.

This question belongs to: Maths Simple Interest

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