Simple interest on Rs. 248500 for 4 years at 8% MCQ with Answer and Explanation

Question
Simple interest on Rs. 248500 for 4 years at 8%
A. Rs. 79720
B. Rs. 79320
C. Rs. 79520
D. Rs. 79920
Answer: Option C
Solution (By JKSSB Mock Tests)
SI = (248500 * 8 * 4)/100 = 79520.
This question belongs to: Maths Simple Interest
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Question #1
A sum at 10% SI for 4 years amounts to Rs. 168000. Principal
A. Rs. 113000
B. Rs. 111000
C. Rs. 110000
D. Rs. 112000
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Correct Answer: Option D

Explanation:
SI = 56000. P = 168000 - 56000 = 112000.
This question belongs to: Maths Simple Interest
Question #2
The principal that gives Rs. 17856000 interest in 9 years at 40% SI is
A. Rs. 4958000
B. Rs. 4959000
C. Rs. 4960000
D. Rs. 4961000
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Correct Answer: Option C

Explanation:
P = (17856000 × 100)/(40 × 9) = 4960000.
This question belongs to: Maths Simple Interest
Question #3
The simple interest on a sum for 3 years at 10% is Rs. 9000. The principal is
A. Rs. 29000
B. Rs. 30000
C. Rs. 28000
D. Rs. 31000
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Correct Answer: Option B

Explanation:
P = (9000 × 100)/(10 × 3) = 30000.
This question belongs to: Maths Simple Interest
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