Simple interest on Rs. 48000 for 5 years at 5% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 48000 for 5 years at 5% per annum is

A. Rs. 11800

B. Rs. 12200

C. Rs. 12400

D. Rs. 12000

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (48000 × 5 × 5)/100 = 12000.

This question belongs to: Maths Simple Interest

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Question #1

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The rate at which Rs. 4608000 amounts to Rs. 5980000 approx in 3 years is adjusted to exact 10%

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 1375200 approx, R = 10%.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 1062000 for 2 years at 31% per annum is

A. Rs. 658640

B. Rs. 658240

C. Rs. 658440

D. Rs. 658840

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Correct Answer: Option C

Explanation:
SI = (1062000 × 31 × 2)/100 = 658440.

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 2205000 amounts to Rs. 3087000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 882000. R = (882000 × 100)/(2205000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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