Simple interest on Rs. 1062000 for 2 years at 31% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 1062000 for 2 years at 31% per annum is

A. Rs. 658840

B. Rs. 658440

C. Rs. 658240

D. Rs. 658640

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (1062000 × 31 × 2)/100 = 658440.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 40000 amount to Rs. 56000 at 10% simple interest?

A. 3 years

B. 6 years

C. 4 years

D. 5 years

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Correct Answer: Option C

Explanation:
SI = 16000. T = (16000 × 100)/(40000 × 10) = 4 years.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 105000 for 2 years at 6% per annum is

A. Rs. 13000

B. Rs. 12600

C. Rs. 12400

D. Rs. 12800

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Correct Answer: Option B

Explanation:
SI = (105000 × 6 × 2)/100 = 12600.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 162000 for 2 years at 11% per annum is

A. Rs. 35640

B. Rs. 35840

C. Rs. 35440

D. Rs. 36040

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Correct Answer: Option A

Explanation:
SI = (162000 × 11 × 2)/100 = 35640.

This question belongs to: Maths Simple Interest

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