The principal that gives Rs. 21600 interest in 6 years at 6% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 21600 interest in 6 years at 6% SI is

A. Rs. 60000

B. Rs. 61000

C. Rs. 58000

D. Rs. 59000

Answer: Option A

Solution (By JKSSB Mock Tests)

P = (21600 × 100)/(6 × 6) = 60000.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of money doubles itself in 10 years at simple interest. The rate of interest is

A. 10%

B. 15%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = Principal. R = (100 × 100)/(P × 10) × P = 10%.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 423000 amounts to Rs. 549900 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 126900. R = (126900 × 100)/(423000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 3654000 for 3 years at 86% per annum is

A. Rs. 9433520

B. Rs. 9433120

C. Rs. 9433720

D. Rs. 9433320

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Correct Answer: Option D

Explanation:
SI = (3654000 × 86 × 3)/100 = 9433320.

This question belongs to: Maths Simple Interest

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