Simple interest on Rs. 1287000 for 2 years at 36% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 1287000 for 2 years at 36% per annum is

A. Rs. 926440

B. Rs. 927040

C. Rs. 926840

D. Rs. 926640

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (1287000 × 36 × 2)/100 = 926640.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 1971000 amount to Rs. 2759400 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 = 788400. T = (788400 × 100)/(1971000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 3258000 amounts to Rs. 4235400 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 977400. R = (977400 × 100)/(3258000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 1035000 amounts to Rs. 1449000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 414000. R = (414000 × 100)/(1035000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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