The principal giving Rs. 30240 SI in 8 years at 7% MCQ with Answer and Explanation

The principal giving Rs. 30240 SI in 8 years at 7%

A. Rs. 53000

B. Rs. 55000

C. Rs. 54000

D. Rs. 52000

Answer: Option C

P = (30240 * 100)/(7 * 8) = 54000.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

Simple interest on Rs. 333000 for 2 years at 15% per annum is

A. Rs. 100300

B. Rs. 100100

C. Rs. 99900

D. Rs. 99700

Correct Answer: Option C

Explanation:
SI = (333000 × 15 × 2)/100 = 99900.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The rate at which Rs. 603000 amounts to Rs. 783900 in 3 years is

A. 9%

B. 8%

C. 10%

D. 12%

Correct Answer: Option C

Explanation:
SI = 180900. R = (180900 × 100)/(603000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum of Rs. 180000 amounts to Rs. 252000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 12%

D. 10%

Correct Answer: Option D

Explanation:
SI = 72000. R = (72000 × 100)/(180000 × 4) = 10%.

This question belongs to: Maths Simple Interest