Simple interest on Rs. 1107000 for 2 years at 32% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 1107000 for 2 years at 32% per annum is

A. Rs. 708680

B. Rs. 708280

C. Rs. 708880

D. Rs. 708480

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (1107000 × 32 × 2)/100 = 708480.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The rate at which Rs. 4203000 amounts to Rs. 5463900 in 3 years is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 1260900. R = (1260900 × 100)/(4203000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 42000 for 4 years at 7% per annum is

A. Rs. 11760

B. Rs. 11960

C. Rs. 12160

D. Rs. 11560

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Correct Answer: Option A

Explanation:
SI = (42000 × 7 × 4)/100 = 11760.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 206500 for 3 years at 16%

A. Rs. 99240

B. Rs. 98840

C. Rs. 99040

D. Rs. 99440

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Correct Answer: Option C

Explanation:
SI = (206500 * 16 * 3)/100 = 99040.

This question belongs to: Maths Simple Interest

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