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. 59500

B. Rs. 60500

C. Rs. 61500

D. Rs. 62500

Answer: Option C

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 288000 amounts to Rs. 374400 in 3 years is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 86400. R = (86400 × 100)/(288000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 10306800 interest in 8 years at 34% SI is

A. Rs. 3795000

B. Rs. 3794000

C. Rs. 3796000

D. Rs. 3793000

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Correct Answer: Option A

Explanation:
P = (10306800 × 100)/(34 × 8) = 3795000.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 963000 amount to Rs. 1348200 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 385200. T = (385200 × 100)/(963000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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