The sum that amounts to Rs. 28800 in 5 years at 8% SI MCQ with Answer and Explanation

Question
The sum that amounts to Rs. 28800 in 5 years at 8% SI
A. Rs. 18200
B. Rs. 19200
C. Rs. 17200
D. Rs. 20200
Answer: Option B
Solution (By JKSSB Mock Tests)
SI = 9600. P = 28800 - 9600 = 19200.
This question belongs to: Maths Simple Interest
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Practice More Simple Interest Questions

Question #1
In how many years will Rs. 4401000 amount to Rs. 6161400 at 8% simple interest?
A. 5 years
B. 6 years
C. 7 years
D. 4 years
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Correct Answer: Option A

Explanation:
SI = 1760400. T = (1760400 × 100)/(4401000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #2
The principal that gives Rs. 4410000 interest in 8 years at 22% SI is
A. Rs. 2498000
B. Rs. 2500000
C. Rs. 2501000
D. Rs. 2499000
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Correct Answer: Option B

Explanation:
P = (4410000 × 100)/(22 × 8) = 2500000.
This question belongs to: Maths Simple Interest
Question #3
The rate at which Rs. 1278000 amounts to Rs. 1661400 in 3 years is
A. 12%
B. 9%
C. 10%
D. 8%
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Correct Answer: Option C

Explanation:
SI = 383400. R = (383400 × 100)/(1278000 × 3) = 10%.
This question belongs to: Maths Simple Interest
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