The principal that gives Rs. 12412800 interest in 8 years at 38% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 12412800 interest in 8 years at 38% SI is

A. Rs. 4080000

B. Rs. 4078000

C. Rs. 4079000

D. Rs. 4081000

Answer: Option A

Solution (By JKExamLibrary)

P = (12412800 × 100)/(38 × 8) = 4080000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 162000 for 2 years at 10% per annum is

A. Rs. 32600

B. Rs. 32200

C. Rs. 32800

D. Rs. 32400

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Correct Answer: Option D

Explanation:
SI = (162000 × 10 × 2)/100 = 32400.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 36000 amounts to Rs. 50400 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 14400. R = (14400 × 100)/(36000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 96000 for 3 years at 5% per annum is

A. Rs. 14200

B. Rs. 14600

C. Rs. 14800

D. Rs. 14400

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Correct Answer: Option D

Explanation:
SI = (96000 × 5 × 3)/100 = 14400.

This question belongs to: Maths Simple Interest

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