Simple interest on Rs. 38500 for 5 years at 8% MCQ with Answer and Explanation

Question

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Simple interest on Rs. 38500 for 5 years at 8%

A. Rs. 15800

B. Rs. 15600

C. Rs. 15200

D. Rs. 15400

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (38500 * 8 * 5)/100 = 15400.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 28000 amounts to Rs. 36400 in 3 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 8400. R = (8400 × 100)/(28000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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A sum at 12% SI for 4 years amounts to Rs. 57600. Principal

A. Rs. 37000

B. Rs. 34000

C. Rs. 36000

D. Rs. 35000

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Correct Answer: Option C

Explanation:
SI = 21600. P = 57600 - 21600 = 36000.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 3051000 amount to Rs. 4271400 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 1220400. T = (1220400 × 100)/(3051000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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