The principal that gives Rs. 18450 interest in 6 years at 5% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 18450 interest in 6 years at 5% SI is

A. Rs. 61500

B. Rs. 59500

C. Rs. 62500

D. Rs. 60500

Answer: Option A

Solution (By JKSSB Mock Tests)

P = (18450 * 100)/(5 * 6) = 61500.

This question belongs to: Maths Simple Interest

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Question #1

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The principal that gives Rs. 7243200 interest in 8 years at 29% SI is

A. Rs. 3119000

B. Rs. 3121000

C. Rs. 3118000

D. Rs. 3120000

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Correct Answer: Option D

Explanation:
P = (7243200 × 100)/(29 × 8) = 3120000.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 3447000 for 2 years at 84% per annum is

A. Rs. 5791160

B. Rs. 5790760

C. Rs. 5791360

D. Rs. 5790960

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Correct Answer: Option D

Explanation:
SI = (3447000 × 84 × 2)/100 = 5790960.

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Question #3

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In how many years will Rs. 603000 amount to Rs. 844200 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 241200. T = (241200 × 100)/(603000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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