Simple interest on Rs. 1467000 for 2 years at 40% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 1467000 for 2 years at 40% per annum is

A. Rs. 1174000

B. Rs. 1173800

C. Rs. 1173600

D. Rs. 1173400

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (1467000 × 40 × 2)/100 = 1173600.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 324000 for 3 years at 12% per annum is

A. Rs. 116840

B. Rs. 116440

C. Rs. 116640

D. Rs. 117040

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Correct Answer: Option C

Explanation:
SI = (324000 × 12 × 3)/100 = 116640.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2268000 amounts to Rs. 2948400 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 680400. R = (680400 × 100)/(2268000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2655000 amounts to Rs. 3717000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1062000. R = (1062000 × 100)/(2655000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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