The simple interest on a sum for 3 years at 10% is Rs. 9000. The principal is MCQ with Answer and Explanation

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The simple interest on a sum for 3 years at 10% is Rs. 9000. The principal is

A. Rs. 30000

B. Rs. 28000

C. Rs. 31000

D. Rs. 29000

Answer: Option A

Solution (By JKSSB Mock Tests)

P = (9000 × 100)/(10 × 3) = 30000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 2952000 for 2 years at 73% per annum is

A. Rs. 4312320

B. Rs. 4312520

C. Rs. 4312120

D. Rs. 4312720

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Correct Answer: Option A

Explanation:
SI = (2952000 × 73 × 2)/100 = 4312320.

This question belongs to: Maths Simple Interest

Question #2

The interest on Rs. 35000 for 4 years at R% is Rs. 9800. R is

A. 9%

B. 7%

C. 6%

D. 8%

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Correct Answer: Option B

Explanation:
R = (9800 × 100)/(35000 × 4) = 7%.

This question belongs to: Maths Simple Interest

Question #3

SI on Rs. 129500 for 4 years at 5%

A. Rs. 26100

B. Rs. 26300

C. Rs. 25700

D. Rs. 25900

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Correct Answer: Option D

Explanation:
SI = (129500 * 5 * 4)/100 = 25900.

This question belongs to: Maths Simple Interest

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