Simple interest on Rs. 108000 for 3 years at 8% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 108000 for 3 years at 8% per annum is

A. Rs. 26120

B. Rs. 25720

C. Rs. 26320

D. Rs. 25920

Answer: Option D

Solution (By JKExamLibrary)

SI = (108000 × 8 × 3)/100 = 25920.

This question belongs to: Maths Simple Interest

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Question #1

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The rate at which Rs. 216000 amounts to Rs. 280800 in 3 years is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 64800. R = (64800 × 100)/(216000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 2241000 amount to Rs. 3137400 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 = 896400. T = (896400 × 100)/(2241000 × 8) = 5 years.

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Question #3

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SI on Rs. 129500 for 4 years at 5%

A. Rs. 26300

B. Rs. 25900

C. Rs. 26100

D. Rs. 25700

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Correct Answer: Option B

Explanation:
SI = (129500 * 5 * 4)/100 = 25900.

This question belongs to: Maths Simple Interest

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