The principal that gives Rs. 63000 interest in 6 years at 7% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 63000 interest in 6 years at 7% SI is

A. Rs. 148000

B. Rs. 149000

C. Rs. 150000

D. Rs. 151000

Answer: Option C

Solution (By JKSSB Mock Tests)

P = (63000 × 100)/(7 × 6) = 150000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 48000 for 5 years at 5% per annum is

A. Rs. 12400

B. Rs. 12000

C. Rs. 12200

D. Rs. 11800

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Correct Answer: Option B

Explanation:
SI = (48000 × 5 × 5)/100 = 12000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 1587600 interest in 8 years at 15% SI is

A. Rs. 1321000

B. Rs. 1323000

C. Rs. 1324000

D. Rs. 1322000

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Correct Answer: Option B

Explanation:
P = (1587600 × 100)/(15 × 8) = 1323000.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 1863000 amounts to Rs. 2421900 in 3 years is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 558900. R = (558900 × 100)/(1863000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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