The principal that gives Rs. 4057200 interest in 8 years at 21% SI is MCQ with Answer and Explanation

The principal that gives Rs. 4057200 interest in 8 years at 21% SI is
A. Rs. 2415000
B. Rs. 2413000
C. Rs. 2416000
D. Rs. 2414000
Answer: Option A
Solution (By JKSSB Mock Tests)
P = (4057200 × 100)/(21 × 8) = 2415000.

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Practice More Simple Interest Questions

Question #1
A sum of Rs. 3870000 amounts to Rs. 5418000 in 4 years at simple interest. The rate is
A. 10%
B. 12%
C. 8%
D. 9%

Correct Answer: Option A


Explanation:
SI = 1548000. R = (1548000 × 100)/(3870000 × 4) = 10%.

This question belongs to: Maths Simple Interest
Question #2
Rate for Rs. 469000 to Rs. 609700 in 3 years SI
A. 8%
B. 10%
C. 12%
D. 9%

Correct Answer: Option B


Explanation:
SI = 140700. R = (140700 * 100)/(469000 * 3) = 10%.

This question belongs to: Maths Simple Interest
Question #3
The principal on which SI for 5 years at 7% is Rs. 12250 is
A. Rs. 34000
B. Rs. 36000
C. Rs. 33000
D. Rs. 35000

Correct Answer: Option D


Explanation:
P = (12250 * 100)/(7 * 5) = 35000.

This question belongs to: Maths Simple Interest