The principal that gives Rs. 4410000 interest in 8 years at 22% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 4410000 interest in 8 years at 22% SI is

A. Rs. 2498000

B. Rs. 2500000

C. Rs. 2499000

D. Rs. 2501000

Answer: Option B

Solution (By JKExamLibrary)

P = (4410000 × 100)/(22 × 8) = 2500000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

At what rate percent will Rs. 6400 give Rs. 1152 interest in 3 years?

A. 6%

B. 5%

C. 8%

D. 4%

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Correct Answer: Option A

Explanation:
R = (1152 × 100)/(6400 × 3) = 6%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 612000 for 2 years at 21% per annum is

A. Rs. 257040

B. Rs. 256840

C. Rs. 257440

D. Rs. 257240

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Correct Answer: Option A

Explanation:
SI = (612000 × 21 × 2)/100 = 257040.

This question belongs to: Maths Simple Interest

Question #3

A certain sum amounts to Rs. 16200 in 4 years and Rs. 17550 in 6 years at SI. The principal is

A. Rs. 12000

B. Rs. 15000

C. Rs. 13500

D. Rs. 10500

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Correct Answer: Option C

Explanation:
Difference 2 years = 1350. SI 1 year = 675. SI 4 years = 2700. Principal = 16200 - 2700 = 13500.

This question belongs to: Maths Simple Interest

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