The principal that gives Rs. 6710400 interest in 8 years at 28% SI is MCQ with Answer and Explanation

Question

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The principal that gives Rs. 6710400 interest in 8 years at 28% SI is

A. Rs. 3001000

B. Rs. 2998000

C. Rs. 2999000

D. Rs. 3000000

Answer: Option D

Solution (By JKSSB Mock Tests)

P = (6710400 × 100)/(28 × 8) = 3000000.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 504000 amounts to Rs. 705600 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 201600. R = (201600 × 100)/(504000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 585000 amounts to Rs. 819000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 234000. R = (234000 × 100)/(585000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 4626000 amount to Rs. 6476400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 1850400. T = (1850400 × 100)/(4626000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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