Simple interest on Rs. 1000 for 2 years at 6% is MCQ with Answer and Explanation

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Simple interest on Rs. 1000 for 2 years at 6% is

A. Rs. 100

B. Rs. 120

C. Rs. 140

D. Rs. 80

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (1000 × 6 × 2)/100 = 120.

This question belongs to: Maths Simple Interest

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Question #1

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Simple interest on Rs. 3942000 for 2 years at 95% per annum is

A. Rs. 7489600

B. Rs. 7490000

C. Rs. 7490200

D. Rs. 7489800

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Correct Answer: Option D

Explanation:
SI = (3942000 × 95 × 2)/100 = 7489800.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 1773000 amounts to Rs. 2304900 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 531900. R = (531900 × 100)/(1773000 × 3) = 10%.

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Question #3

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In how many years will Rs. 1971000 amount to Rs. 2759400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 788400. T = (788400 × 100)/(1971000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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