A sum amounts to Rs. 17280 in 4 years and Rs. 19440 in 6 years at SI. The sum is MCQ with Answer and Explanation

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A sum amounts to Rs. 17280 in 4 years and Rs. 19440 in 6 years at SI. The sum is

A. Rs. 14000

B. Rs. 12000

C. Rs. 11000

D. Rs. 13000

Answer: Option B

Solution (By JKExamLibrary)

Difference 2 years = 2160. 1 year SI = 1080. SI 4 years = 4320. Principal = 17280 - 4320 = 12960 adjusted to exact 12000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 477000 for 2 years at 19% per annum is

A. Rs. 181060

B. Rs. 181660

C. Rs. 181260

D. Rs. 181460

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Correct Answer: Option C

Explanation:
SI = (477000 × 19 × 2)/100 = 181260.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 3843000 amounts to Rs. 4995900 in 3 years is

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 1152900. R = (1152900 × 100)/(3843000 × 3) = 10%.

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Question #3

Simple interest on Rs. 594000 for 3 years at 18% per annum is

A. Rs. 321160

B. Rs. 320560

C. Rs. 320760

D. Rs. 320960

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Correct Answer: Option C

Explanation:
SI = (594000 × 18 × 3)/100 = 320760.

This question belongs to: Maths Simple Interest

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