Simple interest on Rs. 48000 for 5 years at 5% per annum is MCQ with Answer and Explanation

Simple interest on Rs. 48000 for 5 years at 5% per annum is

A. Rs. 12200

B. Rs. 12400

C. Rs. 12000

D. Rs. 11800

Answer: Option C

SI = (48000 × 5 × 5)/100 = 12000.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

In how many years will Rs. 2511000 amount to Rs. 3515400 at 8% simple interest?

A. 7 years

B. 6 years

C. 4 years

D. 5 years

Correct Answer: Option D

Explanation:
SI = 1004400. T = (1004400 × 100)/(2511000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The principal that gives Rs. 4233600 interest in 9 years at 19% SI is

A. Rs. 2479000

B. Rs. 2481000

C. Rs. 2480000

D. Rs. 2478000

Correct Answer: Option C

Explanation:
P = (4233600 × 100)/(19 × 9) = 2480000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The principal that gives Rs. 113400 interest in 6 years at 7% SI is

A. Rs. 270000

B. Rs. 268000

C. Rs. 271000

D. Rs. 269000

Correct Answer: Option A

Explanation:
P = (113400 × 100)/(7 × 6) = 270000.

This question belongs to: Maths Simple Interest