The simple interest on a certain sum for 5 years at 8% is Rs. 2000. The principal is MCQ with Answer and Explanation

The simple interest on a certain sum for 5 years at 8% is Rs. 2000. The principal is

A. Rs. 5500

B. Rs. 4500

C. Rs. 5000

D. Rs. 6000

Answer: Option C

P = (2000 × 100)/(8 × 5) = 5000.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

A sum of Rs. 1305000 amounts to Rs. 1827000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

Correct Answer: Option C

Explanation:
SI = 522000. R = (522000 × 100)/(1305000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum of Rs. 1800000 amounts to Rs. 2520000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 9%

D. 12%

Correct Answer: Option A

Explanation:
SI = 720000. R = (720000 × 100)/(1800000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 2862000 for 2 years at 71% per annum is

A. Rs. 4065640

B. Rs. 4065040

C. Rs. 4065440

D. Rs. 4065240

Correct Answer: Option D

Explanation:
SI = (2862000 × 71 × 2)/100 = 4065240.

This question belongs to: Maths Simple Interest