The simple interest on a certain sum for 5 years at 8% is Rs. 2000. The principal is MCQ with Answer and Explanation

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The simple interest on a certain sum for 5 years at 8% is Rs. 2000. The principal is

A. Rs. 4500

B. Rs. 5500

C. Rs. 6000

D. Rs. 5000

Answer: Option D

Solution (By JKSSB Mock Tests)

P = (2000 × 100)/(8 × 5) = 5000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 2376000 amount to Rs. 3326400 at 8% simple interest?

A. 4 years

B. 7 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 950400. T = (950400 × 100)/(2376000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 36000 amounts to Rs. 50400 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 14400. R = (14400 × 100)/(36000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2565000 amounts to Rs. 3591000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1026000. R = (1026000 × 100)/(2565000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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