Simple interest on Rs. 1332000 for 2 years at 37% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 1332000 for 2 years at 37% per annum is

A. Rs. 985680

B. Rs. 985480

C. Rs. 986080

D. Rs. 985880

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (1332000 × 37 × 2)/100 = 985680.

This question belongs to: Maths Simple Interest

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Question #1

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

A. Rs. 1340480

B. Rs. 1340080

C. Rs. 1340680

D. Rs. 1340280

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Correct Answer: Option D

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

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 720000 amounts to Rs. 1008000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 288000. R = (288000 × 100)/(720000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 1116000 amount to Rs. 1562400 at 8% simple interest?

A. 6 years

B. 4 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 446400. T = (446400 × 100)/(1116000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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