Simple interest on Rs. 20800 for 8 years at 12% per annum is MCQ with Answer and Explanation

Question
Simple interest on Rs. 20800 for 8 years at 12% per annum is
A. Rs. 19968
B. Rs. 20368
C. Rs. 20168
D. Rs. 19768
Answer: Option A
Solution (By JKSSB Mock Tests)
SI = (20800 × 12 × 8)/100 = 19968.
This question belongs to: Maths Simple Interest
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Practice More Simple Interest Questions

Question #1
The rate at which Rs. 1593000 amounts to Rs. 2070900 in 3 years is
A. 9%
B. 8%
C. 12%
D. 10%
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Correct Answer: Option D

Explanation:
SI = 477900. R = (477900 × 100)/(1593000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #2
In how many years will Rs. 1476000 amount to Rs. 2066400 at 8% simple interest?
A. 7 years
B. 4 years
C. 5 years
D. 6 years
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Correct Answer: Option C

Explanation:
SI = 590400. T = (590400 × 100)/(1476000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #3
The principal that gives Rs. 4233600 interest in 9 years at 19% SI is
A. Rs. 2480000
B. Rs. 2479000
C. Rs. 2478000
D. Rs. 2481000
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Correct Answer: Option A

Explanation:
P = (4233600 × 100)/(19 × 9) = 2480000.
This question belongs to: Maths Simple Interest
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