The principal that gives Rs. 1209600 interest in 8 years at 14% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 1209600 interest in 8 years at 14% SI is

A. Rs. 1079000

B. Rs. 1080000

C. Rs. 1078000

D. Rs. 1081000

Answer: Option B

Solution (By JKExamLibrary)

P = (1209600 × 100)/(14 × 8) = 1080000.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 1663200 interest in 9 years at 14% SI is

A. Rs. 1321000

B. Rs. 1319000

C. Rs. 1320000

D. Rs. 1318000

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Correct Answer: Option C

Explanation:
P = (1663200 × 100)/(14 × 9) = 1320000.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 2376000 amount to Rs. 3326400 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 950400. T = (950400 × 100)/(2376000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 3303000 amounts to Rs. 4293900 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 990900. R = (990900 × 100)/(3303000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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