The principal giving Rs. 302400 SI in 9 years at 8% MCQ with Answer and Explanation

The principal giving Rs. 302400 SI in 9 years at 8%
A. Rs. 420000
B. Rs. 419000
C. Rs. 418000
D. Rs. 421000
Answer: Option A
Solution (By JKSSB Mock Tests)
P = (302400 * 100)/(8 * 9) = 420000.

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Practice More Simple Interest Questions

Question #1
Simple interest on Rs. 144000 for 3 years at 10% per annum is
A. Rs. 43400
B. Rs. 43000
C. Rs. 43200
D. Rs. 43600

Correct Answer: Option C


Explanation:
SI = (144000 × 10 × 3)/100 = 43200.

This question belongs to: Maths Simple Interest
Question #2
Rate when Rs. 427000 amounts to Rs. 555100 in 3 years
A. 8%
B. 10%
C. 9%
D. 12%

Correct Answer: Option B


Explanation:
SI = 128100. R = (128100 * 100)/(427000 * 3) = 10%.

This question belongs to: Maths Simple Interest
Question #3
In how many years will Rs. 1071000 amount to Rs. 1499400 at 8% simple interest?
A. 5 years
B. 4 years
C. 7 years
D. 6 years

Correct Answer: Option A


Explanation:
SI = 428400. T = (428400 × 100)/(1071000 × 8) = 5 years.

This question belongs to: Maths Simple Interest