Simple interest on Rs. 112000 for 2 years at 7% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 112000 for 2 years at 7% per annum is

A. Rs. 15680

B. Rs. 15480

C. Rs. 15880

D. Rs. 16080

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (112000 × 7 × 2)/100 = 15680.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 4077000 for 2 years at 98% per annum is

A. Rs. 7990920

B. Rs. 7991120

C. Rs. 7990720

D. Rs. 7991320

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Correct Answer: Option A

Explanation:
SI = (4077000 × 98 × 2)/100 = 7990920.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 100800 interest in 7 years at 8% SI is

A. Rs. 181000

B. Rs. 180000

C. Rs. 179000

D. Rs. 178000

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Correct Answer: Option B

Explanation:
P = (100800 × 100)/(8 × 7) = 180000.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 8323200 interest in 8 years at 31% SI is

A. Rs. 3349000

B. Rs. 3351000

C. Rs. 3348000

D. Rs. 3350000

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Correct Answer: Option D

Explanation:
P = (8323200 × 100)/(31 × 8) = 3350000.

This question belongs to: Maths Simple Interest

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