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. 7015

B. Rs. 6415

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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The principal that gives Rs. 6980400 interest in 9 years at 23% SI is

A. Rs. 3361000

B. Rs. 3359000

C. Rs. 3360000

D. Rs. 3358000

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Correct Answer: Option C

Explanation:
P = (6980400 × 100)/(23 × 9) = 3360000.

This question belongs to: Maths Simple Interest

Question #2

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Years for Rs. 154000 at 5% to give Rs. 46200 interest

A. 6 years

B. 4 years

C. 7 years

D. 5 years

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Correct Answer: Option A

Explanation:
T = (46200 * 100)/(154000 * 5) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

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

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option B

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

This question belongs to: Maths Simple Interest

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