The principal that gives Rs. 604800 interest in 8 years at 12% SI is MCQ with Answer and Explanation

Question

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The principal that gives Rs. 604800 interest in 8 years at 12% SI is

A. Rs. 630000

B. Rs. 629000

C. Rs. 631000

D. Rs. 628000

Answer: Option A

Solution (By JKSSB Mock Tests)

P = (604800 × 100)/(12 × 8) = 630000.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 567000 amount to Rs. 793800 at 8% simple interest?

A. 6 years

B. 4 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 226800. T = (226800 × 100)/(567000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 4050000 amounts to Rs. 5670000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 1620000. R = (1620000 × 100)/(4050000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Rate when Rs. 25000 amounts to Rs. 32500 in 3 years SI

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 7500. R = (7500 * 100)/(25000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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