The principal that gives Rs. 18450 interest in 6 years at 5% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 18450 interest in 6 years at 5% SI is

A. Rs. 59500

B. Rs. 62500

C. Rs. 60500

D. Rs. 61500

Answer: Option D

Solution (By JKExamLibrary)

P = (18450 * 100)/(5 * 6) = 61500.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 900000 for 3 years at 28% per annum is

A. Rs. 756400

B. Rs. 756200

C. Rs. 756000

D. Rs. 755800

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Correct Answer: Option C

Explanation:
SI = (900000 × 28 × 3)/100 = 756000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2052000 for 2 years at 53% per annum is

A. Rs. 2175120

B. Rs. 2174920

C. Rs. 2175520

D. Rs. 2175320

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Correct Answer: Option A

Explanation:
SI = (2052000 × 53 × 2)/100 = 2175120.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 20800 for 8 years at 12% per annum is

A. Rs. 20168

B. Rs. 20368

C. Rs. 19968

D. Rs. 19768

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Correct Answer: Option C

Explanation:
SI = (20800 × 12 × 8)/100 = 19968.

This question belongs to: Maths Simple Interest

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