The principal that gives Rs. 5124000 interest in 8 years at 24% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 5124000 interest in 8 years at 24% SI is

A. Rs. 2669750

B. Rs. 2668750

C. Rs. 2666750

D. Rs. 2667750

Answer: Option B

Solution (By JKExamLibrary)

P = (5124000 × 100)/(24 × 8) = 2668750.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 756000 for 3 years at 24% per annum is

A. Rs. 544120

B. Rs. 544320

C. Rs. 544520

D. Rs. 544720

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Correct Answer: Option B

Explanation:
SI = (756000 × 24 × 3)/100 = 544320.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 720000 for 3 years at 23% per annum is

A. Rs. 497200

B. Rs. 496800

C. Rs. 496600

D. Rs. 497000

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Correct Answer: Option B

Explanation:
SI = (720000 × 23 × 3)/100 = 496800.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 1161000 amount to Rs. 1625400 at 8% simple interest?

A. 7 years

B. 6 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 464400. T = (464400 × 100)/(1161000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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