Simple interest on Rs. 31245 for 5 years at 6% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 31245 for 5 years at 6% per annum is

A. Rs. 9173

B. Rs. 9373

C. Rs. 9773

D. Rs. 9573

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (31245 * 6 * 5)/100 = 9373.

This question belongs to: Maths Simple Interest

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Question #1

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The principal that gives Rs. 2646000 interest in 8 years at 17% SI is

A. Rs. 1943500

B. Rs. 1940500

C. Rs. 1941500

D. Rs. 1942500

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Correct Answer: Option D

Explanation:
P = (2646000 × 100)/(17 × 8) = 1942500.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 2133000 amounts to Rs. 2772900 in 3 years is

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 639900. R = (639900 × 100)/(2133000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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A sum amounts to Rs. 65520 in 6 years at 8% SI. Principal

A. Rs. 42000

B. Rs. 43000

C. Rs. 40000

D. Rs. 41000

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Correct Answer: Option A

Explanation:
SI = 23520. P = 65520 - 23520 = 42000.

This question belongs to: Maths Simple Interest

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