Simple interest on Rs. 108000 for 4 years at 6% per annum is MCQ with Answer and Explanation

Question Report Error

Simple interest on Rs. 108000 for 4 years at 6% per annum is

A. Rs. 26120

B. Rs. 25720

C. Rs. 25920

D. Rs. 26320

Answer: Option C

Solution (By JKExamLibrary)

SI = (108000 × 6 × 4)/100 = 25920.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 2169000 for 3 years at 53% per annum is

A. Rs. 3449470

B. Rs. 3448870

C. Rs. 3449270

D. Rs. 3449070

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Correct Answer: Option D

Explanation:
SI = (2169000 × 53 × 3)/100 = 3449070.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The rate at which Rs. 558000 amounts to Rs. 725400 in 3 years is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 167400. R = (167400 × 100)/(558000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The principal that gives Rs. 7243200 interest in 8 years at 29% SI is

A. Rs. 3119000

B. Rs. 3120000

C. Rs. 3121000

D. Rs. 3118000

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Correct Answer: Option B

Explanation:
P = (7243200 × 100)/(29 × 8) = 3120000.

This question belongs to: Maths Simple Interest

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