The principal that gives Rs. 6980400 interest in 9 years at 23% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 6980400 interest in 9 years at 23% SI is

A. Rs. 3361000

B. Rs. 3360000

C. Rs. 3358000

D. Rs. 3359000

Answer: Option B

Solution (By JKSSB Mock Tests)

P = (6980400 × 100)/(23 × 9) = 3360000.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 720000 amounts to Rs. 1008000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 288000. R = (288000 × 100)/(720000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 837000 for 2 years at 29% per annum is

A. Rs. 485660

B. Rs. 485260

C. Rs. 485860

D. Rs. 485460

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Correct Answer: Option D

Explanation:
SI = (837000 × 29 × 2)/100 = 485460.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 4572000 for 2 years at 107% per annum is

A. Rs. 9792280

B. Rs. 9792480

C. Rs. 9792680

D. Rs. 9792880

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Correct Answer: Option B

Explanation:
SI = (4572000 × 107 × 2)/100 = 9792480.

This question belongs to: Maths Simple Interest

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