Simple interest on Rs. 42000 for 4 years at 7% per annum is MCQ with Answer and Explanation

Question
Simple interest on Rs. 42000 for 4 years at 7% per annum is
A. Rs. 11760
B. Rs. 12160
C. Rs. 11560
D. Rs. 11960
Answer: Option A
Solution (By JKSSB Mock Tests)
SI = (42000 × 7 × 4)/100 = 11760.
This question belongs to: Maths Simple Interest
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Practice More Simple Interest Questions

Question #1
The rate at which Rs. 1188000 amounts to Rs. 1544400 in 3 years is
A. 10%
B. 12%
C. 8%
D. 9%
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Correct Answer: Option A

Explanation:
SI = 356400. R = (356400 × 100)/(1188000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #2
In how many years will Rs. 2331000 amount to Rs. 3263400 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 = 932400. T = (932400 × 100)/(2331000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #3
The principal that gives Rs. 756000 interest in 8 years at 12% SI is
A. Rs. 785500
B. Rs. 786500
C. Rs. 787500
D. Rs. 788500
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Correct Answer: Option C

Explanation:
P = (756000 × 100)/(12 × 8) = 787500.
This question belongs to: Maths Simple Interest
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