The principal that gives Rs. 6710400 interest in 8 years at 28% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 6710400 interest in 8 years at 28% SI is

A. Rs. 2999000

B. Rs. 3000000

C. Rs. 3001000

D. Rs. 2998000

Answer: Option B

Solution (By JKExamLibrary)

P = (6710400 × 100)/(28 × 8) = 3000000.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 4464000 for 3 years at 104% per annum is

A. Rs. 13921920

B. Rs. 13921720

C. Rs. 13922320

D. Rs. 13922120

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Correct Answer: Option A

Explanation:
SI = (4464000 × 104 × 3)/100 = 13921920.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 3861000 amount to Rs. 5405400 at 8% simple interest?

A. 4 years

B. 7 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 1544400. T = (1544400 × 100)/(3861000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 342000 amounts to Rs. 444600 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 102600. R = (102600 × 100)/(342000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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