The principal that gives Rs. 16800 interest in 4 years at 7% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 16800 interest in 4 years at 7% SI is

A. Rs. 60000

B. Rs. 61000

C. Rs. 59000

D. Rs. 58000

Answer: Option A

Solution (By JKSSB Mock Tests)

P = (16800 × 100)/(7 × 4) = 60000.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 99000 amounts to Rs. 128700 in 3 years is

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 29700. R = (29700 × 100)/(99000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 1917000 for 2 years at 50% per annum is

A. Rs. 1917200

B. Rs. 1917000

C. Rs. 1917400

D. Rs. 1916800

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Correct Answer: Option B

Explanation:
SI = (1917000 × 50 × 2)/100 = 1917000.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 2268000 amounts to Rs. 2948400 in 3 years is

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 680400. R = (680400 × 100)/(2268000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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