The principal that gives Rs. 2822400 interest in 9 years at 16% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 2822400 interest in 9 years at 16% SI is

A. Rs. 1961000

B. Rs. 1959000

C. Rs. 1958000

D. Rs. 1960000

Answer: Option D

Solution (By JKSSB Mock Tests)

P = (2822400 × 100)/(16 × 9) = 1960000.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 2916000 amount to Rs. 4082400 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 1166400. T = (1166400 × 100)/(2916000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 40500 amount to Rs. 69660 at 12% simple interest?

A. 6 years

B. 7 years

C. 8 years

D. 5 years

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Correct Answer: Option A

Explanation:
SI = 29160. T = (29160 × 100)/(40500 × 12) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 30000 amounts to Rs. 42000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 12000. R = (12000 × 100)/(30000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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