Principal for Rs. 10800 interest in 6 years at 6% MCQ with Answer and Explanation

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Principal for Rs. 10800 interest in 6 years at 6%

A. Rs. 31000

B. Rs. 28000

C. Rs. 30000

D. Rs. 29000

Answer: Option C

Solution (By JKExamLibrary)

P = (10800 * 100)/(6 * 6) = 30000.

This question belongs to: Maths Simple Interest

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Question #1

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Simple interest on Rs. 1089000 for 3 years at 29% per annum is

A. Rs. 947430

B. Rs. 947230

C. Rs. 947630

D. Rs. 947830

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Correct Answer: Option A

Explanation:
SI = (1089000 × 29 × 3)/100 = 947430.

This question belongs to: Maths Simple Interest

Question #2

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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

Question #3

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Simple interest on Rs. 369000 for 3 years at 13% per annum is

A. Rs. 143910

B. Rs. 144110

C. Rs. 144310

D. Rs. 143710

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Correct Answer: Option A

Explanation:
SI = (369000 × 13 × 3)/100 = 143910.

This question belongs to: Maths Simple Interest

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