Simple interest on Rs. 1314000 for 3 years at 34% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 1314000 for 3 years at 34% per annum is

A. Rs. 1340280

B. Rs. 1340680

C. Rs. 1340080

D. Rs. 1340480

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (1314000 × 34 × 3)/100 = 1340280.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Rate if Rs. 45000 gives Rs. 13500 SI in 5 years

A. 6%

B. 5%

C. 7%

D. 8%

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Correct Answer: Option A

Explanation:
R = (13500 * 100)/(45000 * 5) = 6%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 144000 amounts to Rs. 201600 in 5 years at simple interest. The rate is

A. 10%

B. 6%

C. 9%

D. 8%

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Correct Answer: Option D

Explanation:
SI = 57600. R = (57600 × 100)/(144000 × 5) = 8%.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 15292800 interest in 8 years at 42% SI is

A. Rs. 4550000

B. Rs. 4551000

C. Rs. 4549000

D. Rs. 4548000

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Correct Answer: Option A

Explanation:
P = (15292800 × 100)/(42 × 8) = 4550000.

This question belongs to: Maths Simple Interest

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