Simple interest on Rs. 42000 for 5 years at 7% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 42000 for 5 years at 7% per annum is

A. Rs. 14500

B. Rs. 14700

C. Rs. 14900

D. Rs. 15100

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (42000 × 7 × 5)/100 = 14700.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 108000 amounts to Rs. 151200 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 43200. R = (43200 × 100)/(108000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 4401000 amount to Rs. 6161400 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 1760400. T = (1760400 × 100)/(4401000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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Time in years for Rs. 24000 at 7% to amount Rs. 31080

A. 5 years

B. 6 years

C. 4 years

D. 3 years

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Correct Answer: Option C

Explanation:
SI = 7080. T = (7080 * 100)/(24000 * 7) = 4 years.

This question belongs to: Maths Simple Interest

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