The principal for Rs. 20160 interest in 8 years at 6% MCQ with Answer and Explanation

Question

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The principal for Rs. 20160 interest in 8 years at 6%

A. Rs. 40000

B. Rs. 43000

C. Rs. 41000

D. Rs. 42000

Answer: Option D

Solution (By JKSSB Mock Tests)

P = (20160 * 100)/(6 * 8) = 42000.

This question belongs to: Maths Simple Interest

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Question #1

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Simple interest on Rs. 50000 for 3 years at 9% per annum is

A. Rs. 13300

B. Rs. 13900

C. Rs. 13500

D. Rs. 13700

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Correct Answer: Option C

Explanation:
SI = (50000 × 9 × 3)/100 = 13500.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 513000 for 2 years at 20% per annum is

A. Rs. 205200

B. Rs. 205600

C. Rs. 205000

D. Rs. 205400

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Correct Answer: Option A

Explanation:
SI = (513000 × 20 × 2)/100 = 205200.

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 1800000 amounts to Rs. 2520000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 720000. R = (720000 × 100)/(1800000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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