Simple interest on Rs. 28976 for 4 years at 12% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 28976 for 4 years at 12% per annum is

A. Rs. 13908

B. Rs. 14108

C. Rs. 14308

D. Rs. 13708

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (28976 * 12 * 4)/100 = 13908.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 94500 for 2 years at 13%

A. Rs. 24970

B. Rs. 24770

C. Rs. 24370

D. Rs. 24570

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Correct Answer: Option D

Explanation:
SI = (94500 * 13 * 2)/100 = 24570.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 180000 amounts to Rs. 252000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 72000. R = (72000 × 100)/(180000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 252000 interest in 7 years at 10% SI is

A. Rs. 361000

B. Rs. 360000

C. Rs. 359000

D. Rs. 358000

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Correct Answer: Option B

Explanation:
P = (252000 × 100)/(10 × 7) = 360000.

This question belongs to: Maths Simple Interest

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