At what rate percent will Rs. 56000 give Rs. 16800 interest in 3 years? MCQ with Answer and Explanation

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At what rate percent will Rs. 56000 give Rs. 16800 interest in 3 years?

A. 12%

B. 9%

C. 8%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

R = (16800 × 100)/(56000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 3312000 for 2 years at 81% per annum is

A. Rs. 5365440

B. Rs. 5365240

C. Rs. 5365640

D. Rs. 5365840

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Correct Answer: Option A

Explanation:
SI = (3312000 × 81 × 2)/100 = 5365440.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Rs. 10000 is lent at 6% per annum simple interest. Interest earned in 5 years is

A. Rs. 3200

B. Rs. 2800

C. Rs. 2500

D. Rs. 3000

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Correct Answer: Option D

Explanation:
SI = (10000 × 6 × 5)/100 = 3000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The principal that gives Rs. 4942800 interest in 9 years at 20% SI is

A. Rs. 2744000

B. Rs. 2747000

C. Rs. 2745000

D. Rs. 2746000

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Correct Answer: Option D

Explanation:
P = (4942800 × 100)/(20 × 9) = 2746000.

This question belongs to: Maths Simple Interest

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