The principal that gives Rs. 3704400 interest in 8 years at 20% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 3704400 interest in 8 years at 20% SI is

A. Rs. 2315250

B. Rs. 2313250

C. Rs. 2316250

D. Rs. 2314250

Answer: Option A

Solution (By JKSSB Mock Tests)

P = (3704400 × 100)/(20 × 8) = 2315250.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 1458000 amounts to Rs. 1895400 in 3 years is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 437400. R = (437400 × 100)/(1458000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 4590000 amounts to Rs. 6426000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 1836000. R = (1836000 × 100)/(4590000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

SI on Rs. 129500 for 4 years at 5%

A. Rs. 25900

B. Rs. 26300

C. Rs. 26100

D. Rs. 25700

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Correct Answer: Option A

Explanation:
SI = (129500 * 5 * 4)/100 = 25900.

This question belongs to: Maths Simple Interest

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