Simple interest on Rs. 1512000 for 2 years at 41% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 1512000 for 2 years at 41% per annum is

A. Rs. 1240240

B. Rs. 1239640

C. Rs. 1239840

D. Rs. 1240040

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (1512000 × 41 × 2)/100 = 1239840.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 2322000 for 2 years at 59% per annum is

A. Rs. 2741160

B. Rs. 2741560

C. Rs. 2740960

D. Rs. 2741360

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Correct Answer: Option A

Explanation:
SI = (2322000 × 59 × 2)/100 = 2741160.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 603000 amount to Rs. 844200 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 241200. T = (241200 × 100)/(603000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 3843000 amounts to Rs. 4995900 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 1152900. R = (1152900 × 100)/(3843000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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