Simple interest on a sum for 2 years at 12% is Rs. 480. The sum is MCQ with Answer and Explanation

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Simple interest on a sum for 2 years at 12% is Rs. 480. The sum is

A. Rs. 1800

B. Rs. 2200

C. Rs. 2400

D. Rs. 2000

Answer: Option D

Solution (By JKSSB Mock Tests)

P = (480 × 100)/(12 × 2) = 2000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 594000 for 3 years at 18% per annum is

A. Rs. 320560

B. Rs. 321160

C. Rs. 320960

D. Rs. 320760

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Correct Answer: Option D

Explanation:
SI = (594000 × 18 × 3)/100 = 320760.

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. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option B

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

This question belongs to: Maths Simple Interest

Question #3

Rs. 15000 lent at 8% per annum simple interest. Interest in 4 years is

A. Rs. 4800

B. Rs. 5000

C. Rs. 5200

D. Rs. 4600

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Correct Answer: Option A

Explanation:
SI = (15000 × 8 × 4)/100 = 4800.

This question belongs to: Maths Simple Interest

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