Simple interest on Rs. 1494000 for 3 years at 38% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 1494000 for 3 years at 38% per annum is

A. Rs. 1703160

B. Rs. 1703560

C. Rs. 1702960

D. Rs. 1703360

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (1494000 × 38 × 3)/100 = 1703160.

This question belongs to: Maths Simple Interest

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Question #1

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A certain sum amounts to Rs. 16200 in 4 years and Rs. 17550 in 6 years at SI. The principal is

A. Rs. 15000

B. Rs. 10500

C. Rs. 12000

D. Rs. 13500

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Correct Answer: Option D

Explanation:
Difference 2 years = 1350. SI 1 year = 675. SI 4 years = 2700. Principal = 16200 - 2700 = 13500.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 198000 amounts to Rs. 277200 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 79200. R = (79200 × 100)/(198000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 65000 for 2 years at 12% per annum is

A. Rs. 15600

B. Rs. 16000

C. Rs. 15400

D. Rs. 15800

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Correct Answer: Option A

Explanation:
SI = (65000 × 12 × 2)/100 = 15600.

This question belongs to: Maths Simple Interest

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