The principal that gives Rs. 16416000 interest in 8 years at 45% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 16416000 interest in 8 years at 45% SI is

A. Rs. 4548000

B. Rs. 4551000

C. Rs. 4550000

D. Rs. 4549000

Answer: Option C

Solution (By JKSSB Mock Tests)

P = (16416000 × 100)/(45 × 8) = 4550000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 1026000 amount to Rs. 1436400 at 8% simple interest?

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 410400. T = (410400 × 100)/(1026000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Rate when Rs. 343000 amounts to Rs. 445900 in 3 years

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 102900. R = (102900 * 100)/(343000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 189000 for 2 years at 11% per annum is

A. Rs. 41780

B. Rs. 41980

C. Rs. 41580

D. Rs. 41380

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Correct Answer: Option C

Explanation:
SI = (189000 × 11 × 2)/100 = 41580.

This question belongs to: Maths Simple Interest

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