The principal that gives Rs. 1587600 interest in 8 years at 15% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 1587600 interest in 8 years at 15% SI is

A. Rs. 1324000

B. Rs. 1323000

C. Rs. 1321000

D. Rs. 1322000

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 4158000 amounts to Rs. 5405400 in 3 years is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1247400. R = (1247400 × 100)/(4158000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 468000 amounts to Rs. 655200 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 187200. R = (187200 × 100)/(468000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 855000 amounts to Rs. 1197000 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 = 342000. R = (342000 × 100)/(855000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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