The simple interest on a certain sum for 4 years at 8% is Rs. 640. The principal is MCQ with Answer and Explanation

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The simple interest on a certain sum for 4 years at 8% is Rs. 640. The principal is

A. Rs. 1800

B. Rs. 2500

C. Rs. 2200

D. Rs. 2000

Answer: Option D

Solution (By JKSSB Mock Tests)

P = (640 × 100)/(8 × 4) = 2000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 2844000 for 3 years at 68% per annum is

A. Rs. 5801560

B. Rs. 5801760

C. Rs. 5802160

D. Rs. 5801960

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Correct Answer: Option B

Explanation:
SI = (2844000 × 68 × 3)/100 = 5801760.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 261000 for 2 years at 13% per annum is

A. Rs. 68260

B. Rs. 67860

C. Rs. 67660

D. Rs. 68060

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Correct Answer: Option B

Explanation:
SI = (261000 × 13 × 2)/100 = 67860.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 364000 at 10% to amount Rs. 509600

A. 3 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 145600. T = (145600 * 100)/(364000 * 10) = 4 years.

This question belongs to: Maths Simple Interest

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