The principal that gives Rs. 1940400 interest in 8 years at 16% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 1940400 interest in 8 years at 16% SI is

A. Rs. 1514000

B. Rs. 1516000

C. Rs. 1515000

D. Rs. 1513000

Answer: Option C

Solution (By JKSSB Mock Tests)

P = (1940400 × 100)/(16 × 8) = 1515000.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 4599000 for 3 years at 107% per annum is

A. Rs. 14767910

B. Rs. 14767510

C. Rs. 14767710

D. Rs. 14768110

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Correct Answer: Option C

Explanation:
SI = (4599000 × 107 × 3)/100 = 14767710.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 1611000 amount to Rs. 2255400 at 8% simple interest?

A. 6 years

B. 4 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 644400. T = (644400 × 100)/(1611000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 909000 for 2 years at 31% per annum is

A. Rs. 563580

B. Rs. 563380

C. Rs. 563980

D. Rs. 563780

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Correct Answer: Option A

Explanation:
SI = (909000 × 31 × 2)/100 = 563580.

This question belongs to: Maths Simple Interest

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