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. 16080

B. Rs. 15880

C. Rs. 15480

D. Rs. 15680

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (112000 × 7 × 2)/100 = 15680.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 1719000 for 3 years at 43% per annum is

A. Rs. 2218610

B. Rs. 2218810

C. Rs. 2218210

D. Rs. 2218410

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Correct Answer: Option D

Explanation:
SI = (1719000 × 43 × 3)/100 = 2218410.

This question belongs to: Maths Simple Interest

Question #2

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

A. 5 years

B. 3 years

C. 6 years

D. 4 years

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Correct Answer: Option D

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

This question belongs to: Maths Simple Interest

Question #3

Principal giving Rs. 15750 SI in 5 years at 7%

A. Rs. 46000

B. Rs. 44000

C. Rs. 43000

D. Rs. 45000

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Correct Answer: Option D

Explanation:
P = (15750 * 100)/(7 * 5) = 45000.

This question belongs to: Maths Simple Interest

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