Simple interest on Rs. 122500 for 2 years at 13% MCQ with Answer and Explanation

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Simple interest on Rs. 122500 for 2 years at 13%

A. Rs. 32250

B. Rs. 31850

C. Rs. 32050

D. Rs. 31650

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (122500 * 13 * 2)/100 = 31850.

This question belongs to: Maths Simple Interest

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Question #1

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Simple interest on Rs. 3024000 for 3 years at 72% per annum is

A. Rs. 6533960

B. Rs. 6534160

C. Rs. 6533560

D. Rs. 6533760

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Correct Answer: Option D

Explanation:
SI = (3024000 × 72 × 3)/100 = 6533760.

This question belongs to: Maths Simple Interest

Question #2

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A sum at 14% SI for 4 years amounts to Rs. 280000. Principal

A. Rs. 173000

B. Rs. 175000

C. Rs. 176000

D. Rs. 174000

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Correct Answer: Option B

Explanation:
SI = 105000. P = 280000 - 105000 = 175000.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 4221000 amount to Rs. 5909400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 1688400. T = (1688400 × 100)/(4221000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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