The principal that gives Rs. 2998800 interest in 8 years at 18% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 2998800 interest in 8 years at 18% SI is

A. Rs. 2081500

B. Rs. 2082500

C. Rs. 2083500

D. Rs. 2080500

Answer: Option B

Solution (By JKSSB Mock Tests)

P = (2998800 × 100)/(18 × 8) = 2082500.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 981000 for 2 years at 33% per annum is

A. Rs. 647260

B. Rs. 647460

C. Rs. 647660

D. Rs. 647860

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Correct Answer: Option B

Explanation:
SI = (981000 × 33 × 2)/100 = 647460.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 198000 amounts to Rs. 257400 in 3 years is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 59400. R = (59400 × 100)/(198000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Rate when Rs. 315000 amounts to Rs. 409500 in 3 years

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 94500. R = (94500 * 100)/(315000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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