Simple interest on Rs. 1044000 for 3 years at 28% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 1044000 for 3 years at 28% per annum is

A. Rs. 877360

B. Rs. 876760

C. Rs. 876960

D. Rs. 877160

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (1044000 × 28 × 3)/100 = 876960.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 684000 for 3 years at 20% per annum is

A. Rs. 410200

B. Rs. 410600

C. Rs. 410400

D. Rs. 410800

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Correct Answer: Option C

Explanation:
SI = (684000 × 20 × 3)/100 = 410400.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2322000 for 2 years at 59% per annum is

A. Rs. 2741160

B. Rs. 2740960

C. Rs. 2741360

D. Rs. 2741560

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Correct Answer: Option A

Explanation:
SI = (2322000 × 59 × 2)/100 = 2741160.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 2556000 amount to Rs. 3578400 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1022400. T = (1022400 × 100)/(2556000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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