The principal giving Rs. 30240 SI in 8 years at 7% MCQ with Answer and Explanation

The principal giving Rs. 30240 SI in 8 years at 7%
A. Rs. 53000
B. Rs. 55000
C. Rs. 52000
D. Rs. 54000
Answer: Option D
Solution (By JKSSB Mock Tests)
P = (30240 * 100)/(7 * 8) = 54000.

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Practice More Simple Interest Questions

Question #1
In how many years will Rs. 4491000 amount to Rs. 6287400 at 8% simple interest?
A. 7 years
B. 4 years
C. 5 years
D. 6 years

Correct Answer: Option C


Explanation:
SI = 1796400. T = (1796400 × 100)/(4491000 × 8) = 5 years.

This question belongs to: Maths Simple Interest
Question #2
The principal that gives Rs. 1587600 interest in 8 years at 15% SI is
A. Rs. 1324000
B. Rs. 1323000
C. Rs. 1322000
D. Rs. 1321000

Correct Answer: Option B


Explanation:
P = (1587600 × 100)/(15 × 8) = 1323000.

This question belongs to: Maths Simple Interest
Question #3
A sum amounts to Rs. 80640 in 6 years at 9% SI. Principal
A. Rs. 49000
B. Rs. 46000
C. Rs. 48000
D. Rs. 47000

Correct Answer: Option C


Explanation:
SI = 32640. P = 80640 - 32640 = 48000.

This question belongs to: Maths Simple Interest