A sum amounts to Rs. 15600 in 3 years at 8% SI. Principal MCQ with Answer and Explanation

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A sum amounts to Rs. 15600 in 3 years at 8% SI. Principal

A. Rs. 11000

B. Rs. 13000

C. Rs. 12500

D. Rs. 12000

Answer: Option D

Solution (By JKExamLibrary)

SI = 3600. P = 15600 - 3600 = 12000.

This question belongs to: Maths Simple Interest

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Question #1

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The principal that gives Rs. 252000 interest in 7 years at 10% SI is

A. Rs. 359000

B. Rs. 358000

C. Rs. 361000

D. Rs. 360000

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Correct Answer: Option D

Explanation:
P = (252000 × 100)/(10 × 7) = 360000.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 3564000 for 3 years at 84% per annum is

A. Rs. 8982520

B. Rs. 8983120

C. Rs. 8982920

D. Rs. 8982720

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Correct Answer: Option D

Explanation:
SI = (3564000 × 84 × 3)/100 = 8982720.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 1881000 amount to Rs. 2633400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 752400. T = (752400 × 100)/(1881000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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