The principal that gives Rs. 2116800 interest in 9 years at 16% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 2116800 interest in 9 years at 16% SI is

A. Rs. 1469000

B. Rs. 1470000

C. Rs. 1471000

D. Rs. 1468000

Answer: Option B

Solution (By JKSSB Mock Tests)

P = (2116800 × 100)/(16 × 9) = 1470000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 21000 amount to Rs. 29400 at 8% simple interest?

A. 7 years

B. 6 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 8400. T = (8400 * 100)/(21000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 2880000 amounts to Rs. 4032000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 12%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 1152000. R = (1152000 × 100)/(2880000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 1209600 interest in 8 years at 14% SI is

A. Rs. 1080000

B. Rs. 1081000

C. Rs. 1078000

D. Rs. 1079000

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Correct Answer: Option A

Explanation:
P = (1209600 × 100)/(14 × 8) = 1080000.

This question belongs to: Maths Simple Interest

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