The principal that gives Rs. 18900 interest in 5 years at 6% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 18900 interest in 5 years at 6% SI is

A. Rs. 62000

B. Rs. 61000

C. Rs. 63000

D. Rs. 64000

Answer: Option C

Solution (By JKSSB Mock Tests)

P = (18900 × 100)/(6 × 5) = 63000.

This question belongs to: Maths Simple Interest

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Question #1

Rate when Rs. 399000 amounts to Rs. 518700 in 3 years

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 119700. R = (119700 * 100)/(399000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Rate of interest if Rs. 18000 gives Rs. 5400 interest in 5 years is

A. 7%

B. 6%

C. 8%

D. 5%

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Correct Answer: Option B

Explanation:
R = (5400 * 100)/(18000 * 5) = 6%.

This question belongs to: Maths Simple Interest

Question #3

SI on Rs. 101500 for 5 years at 5%

A. Rs. 25575

B. Rs. 25175

C. Rs. 25375

D. Rs. 25775

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Correct Answer: Option C

Explanation:
SI = (101500 * 5 * 5)/100 = 25375.

This question belongs to: Maths Simple Interest

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