The simple interest on a sum for 4 years at 9% is Rs. 10800. The principal is MCQ with Answer and Explanation

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The simple interest on a sum for 4 years at 9% is Rs. 10800. The principal is

A. Rs. 29000

B. Rs. 28000

C. Rs. 31000

D. Rs. 30000

Answer: Option D

Solution (By JKSSB Mock Tests)

P = (10800 × 100)/(9 × 4) = 30000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 4446000 amount to Rs. 6224400 at 8% simple interest?

A. 6 years

B. 4 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1778400. T = (1778400 × 100)/(4446000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 32000 amount to Rs. 44800 at 8% simple interest?

A. 5 years

B. 6 years

C. 4 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 12800. T = (12800 × 100)/(32000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 476000 at 15% to amount Rs. 666400

A. 4 years

B. 6 years

C. 3 years

D. 5 years

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Correct Answer: Option A

Explanation:
SI = 190400. T = (190400 * 100)/(476000 * 15) = 4 years.

This question belongs to: Maths Simple Interest

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