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

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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. 1703360

D. Rs. 1702960

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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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 756000 interest in 8 years at 12% SI is

A. Rs. 786500

B. Rs. 788500

C. Rs. 787500

D. Rs. 785500

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Correct Answer: Option C

Explanation:
P = (756000 × 100)/(12 × 8) = 787500.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 2466000 amount to Rs. 3452400 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 986400. T = (986400 × 100)/(2466000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

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

This question belongs to: Maths Simple Interest

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