The principal that gives Rs. 1360800 interest in 8 years at 15% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 1360800 interest in 8 years at 15% SI is

A. Rs. 1135000

B. Rs. 1134000

C. Rs. 1132000

D. Rs. 1133000

Answer: Option B

Solution (By JKSSB Mock Tests)

P = (1360800 × 100)/(15 × 8) = 1134000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 279000 for 3 years at 11% per annum is

A. Rs. 92270

B. Rs. 92470

C. Rs. 92070

D. Rs. 91870

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Correct Answer: Option C

Explanation:
SI = (279000 × 11 × 3)/100 = 92070.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 1872000 for 2 years at 49% per annum is

A. Rs. 1834360

B. Rs. 1834760

C. Rs. 1834560

D. Rs. 1834960

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Correct Answer: Option C

Explanation:
SI = (1872000 × 49 × 2)/100 = 1834560.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 19135 amounts to Rs. 28702 in 10 years at simple interest. Rate is

A. 7%

B. 8%

C. 4%

D. 5%

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Correct Answer: Option D

Explanation:
SI = 9567. R = (9567 * 100)/(19135 * 10) = 5%.

This question belongs to: Maths Simple Interest

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