The principal that gives Rs. 2116800 interest in 9 years at 16% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 2116800 interest in 9 years at 16% SI is

A. Rs. 1468000

B. Rs. 1471000

C. Rs. 1470000

D. Rs. 1469000

Answer: Option C

Solution (By JKExamLibrary)

P = (2116800 × 100)/(16 × 9) = 1470000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 702000 for 2 years at 23% per annum is

A. Rs. 322720

B. Rs. 322920

C. Rs. 323320

D. Rs. 323120

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Correct Answer: Option B

Explanation:
SI = (702000 × 23 × 2)/100 = 322920.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 3267000 for 2 years at 80% per annum is

A. Rs. 5227400

B. Rs. 5227000

C. Rs. 5227600

D. Rs. 5227200

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Correct Answer: Option D

Explanation:
SI = (3267000 × 80 × 2)/100 = 5227200.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 72000 amounts to Rs. 100800 in 5 years at simple interest. The rate is

A. 10%

B. 9%

C. 6%

D. 8%

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Correct Answer: Option D

Explanation:
SI = 28800. R = (28800 × 100)/(72000 × 5) = 8%.

This question belongs to: Maths Simple Interest

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