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. 59000

B. Rs. 61000

C. Rs. 60000

D. Rs. 58000

Answer: Option C

Solution (By JKSSB Mock Tests)

P = (16800 × 100)/(7 × 4) = 60000.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 3042000 for 2 years at 75% per annum is

A. Rs. 4563000

B. Rs. 4563400

C. Rs. 4562800

D. Rs. 4563200

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Correct Answer: Option A

Explanation:
SI = (3042000 × 75 × 2)/100 = 4563000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 6980400 interest in 9 years at 23% SI is

A. Rs. 3360000

B. Rs. 3358000

C. Rs. 3361000

D. Rs. 3359000

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Correct Answer: Option A

Explanation:
P = (6980400 × 100)/(23 × 9) = 3360000.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 2943000 amounts to Rs. 3825900 in 3 years is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 882900. R = (882900 × 100)/(2943000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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