Simple interest on Rs. 1134000 for 3 years at 30% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 1134000 for 3 years at 30% per annum is

A. Rs. 1020600

B. Rs. 1021000

C. Rs. 1020400

D. Rs. 1020800

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (1134000 × 30 × 3)/100 = 1020600.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 459000 amount to Rs. 642600 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 183600. T = (183600 × 100)/(459000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 2664000 for 3 years at 64% per annum is

A. Rs. 5115080

B. Rs. 5114880

C. Rs. 5115280

D. Rs. 5114680

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Correct Answer: Option B

Explanation:
SI = (2664000 × 64 × 3)/100 = 5114880.

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 28000 amounts to Rs. 39200 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 11200. R = (11200 × 100)/(28000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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