Simple interest on Rs. 24500 for 3 years at 9% is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 24500 for 3 years at 9% is

A. Rs. 6415

B. Rs. 7015

C. Rs. 6615

D. Rs. 6815

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (24500 * 9 * 3)/100 = 6615.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 567000 amount to Rs. 793800 at 8% simple interest?

A. 6 years

B. 4 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 226800. T = (226800 × 100)/(567000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 730800 interest in 8 years at 11% SI is

A. Rs. 831000

B. Rs. 830000

C. Rs. 829000

D. Rs. 828000

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Correct Answer: Option B

Explanation:
P = (730800 × 100)/(11 × 8) = 830000.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 3213000 amounts to Rs. 4176900 in 3 years is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 963900. R = (963900 × 100)/(3213000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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