The principal that gives Rs. 302400 interest in 8 years at 9% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 302400 interest in 8 years at 9% SI is

A. Rs. 420000

B. Rs. 418000

C. Rs. 421000

D. Rs. 419000

Answer: Option A

Solution (By JKSSB Mock Tests)

P = (302400 × 100)/(9 × 8) = 420000.

This question belongs to: Maths Simple Interest

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Question #1

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

A. Rs. 1470000

B. Rs. 1469000

C. Rs. 1468000

D. Rs. 1471000

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Correct Answer: Option A

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

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 4581000 amount to Rs. 6413400 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 = 1832400. T = (1832400 × 100)/(4581000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 2268000 amounts to Rs. 2948400 in 3 years is

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 680400. R = (680400 × 100)/(2268000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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