The principal that gives Rs. 1512000 interest in 9 years at 14% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 1512000 interest in 9 years at 14% SI is

A. Rs. 1199000

B. Rs. 1198000

C. Rs. 1201000

D. Rs. 1200000

Answer: Option D

Solution (By JKSSB Mock Tests)

P = (1512000 × 100)/(14 × 9) = 1200000.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 1863000 amounts to Rs. 2421900 in 3 years is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 558900. R = (558900 × 100)/(1863000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 126000 for 2 years at 8% per annum is

A. Rs. 19960

B. Rs. 20160

C. Rs. 20560

D. Rs. 20360

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Correct Answer: Option B

Explanation:
SI = (126000 × 8 × 2)/100 = 20160.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2475000 amounts to Rs. 3465000 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 = 990000. R = (990000 × 100)/(2475000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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