Home / Question Bank / Mathematics / Question Details
Multiple Choice Question

The simple interest on a sum of ₹12,000 at 6% per annum for 4 years is:

  • A
    ₹2,880
  • B
    ₹2,400
  • C
    ₹3,000
  • D
    ₹2,700
Explanation:
Simple interest is calculated using the formula SI = (P x R x T) / 100

Read the Complete Topic

This question belongs to the set "Mathematics Practice Quiz on Simple and Compound Interest". Click below to read detailed notes and attempt the full quiz.

View Full Post →

Try These Similar MCQs

If the principal is ₹1,000, the rate of interest is 5% per annum, and the time is 2 years, what is the simple interest?
If the interest is compounded half-yearly, how many times per year is the interest compounded?
In compound interest, if the interest is compounded quarterly, the number of compounding periods in a year is:
The simple interest on ₹5,000 at 8% per annum for 3 years is:
If ₹6,000 becomes ₹7,200 in 2 years at simple interest, what is the rate of interest?
What does 'P' represent in the simple interest formula?

Explore Related Study Material

Basics Of Profit And Loss Note

Basics Of Profit And Loss

May 12, 20201.3k views View →
Introduction of Point slope form: Different Techniques of equation of a line Note

Introduction of Point slope form: Different Techniques of equation of…

Apr 10, 202319.3k views View →
Class 5 Maths MCQ Test | NCERT Based Mathematics Questions (Set 1) Quiz

Class 5 Maths MCQ Test | NCERT Based Mathematics Questions…

Feb 04, 202658 views View →
Understanding Compound Proportion: Detailed Notes and Solved MCQs Note

Understanding Compound Proportion: Detailed Notes and Solved MCQs

Aug 17, 2024535 views View →
Solotutes Logo
SOLOTUTES.COM
SOLOTUTES • DEEP WORK
Scroll to Top