Simple interest on Rs. 126000 for 2 years at 8% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 126000 for 2 years at 8% per annum is

A. Rs. 20560

B. Rs. 20360

C. Rs. 20160

D. Rs. 19960

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (126000 × 8 × 2)/100 = 20160.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 504000 for 3 years at 16% per annum is

A. Rs. 241720

B. Rs. 241920

C. Rs. 242120

D. Rs. 242320

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Correct Answer: Option B

Explanation:
SI = (504000 × 16 × 3)/100 = 241920.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 50300 amounts to Rs. 77965 in 5 years at simple interest. The rate is

A. 11%

B. 10%

C. 12%

D. 13%

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Correct Answer: Option A

Explanation:
SI = 27665. R = (27665 × 100)/(50300 × 5) = 11%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2565000 amounts to Rs. 3591000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1026000. R = (1026000 × 100)/(2565000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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