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

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

A. Rs. 11800

B. Rs. 12000

C. Rs. 12400

D. Rs. 12200

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (48000 × 5 × 5)/100 = 12000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 117000 for 2 years at 9% per annum is

A. Rs. 20860

B. Rs. 21460

C. Rs. 21060

D. Rs. 21260

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Correct Answer: Option C

Explanation:
SI = (117000 × 9 × 2)/100 = 21060.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 1134000 interest in 8 years at 12% SI is

A. Rs. 1182500

B. Rs. 1181250

C. Rs. 1178750

D. Rs. 1180000

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Correct Answer: Option B

Explanation:
P = (1134000 × 100)/(12 × 8) = 1181250.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 4104000 for 3 years at 96% per annum is

A. Rs. 11819720

B. Rs. 11819320

C. Rs. 11819520

D. Rs. 11819920

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Correct Answer: Option C

Explanation:
SI = (4104000 × 96 × 3)/100 = 11819520.

This question belongs to: Maths Simple Interest

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