Simple interest on Rs. 153000 for 3 years at 8% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 153000 for 3 years at 8% per annum is

A. Rs. 36720

B. Rs. 36920

C. Rs. 37120

D. Rs. 36520

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (153000 × 8 × 3)/100 = 36720.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 3537000 for 2 years at 86% per annum is

A. Rs. 6088640

B. Rs. 6088240

C. Rs. 6088840

D. Rs. 6088440

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Correct Answer: Option D

Explanation:
SI = (3537000 × 86 × 2)/100 = 6088440.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 1035000 amounts to Rs. 1449000 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 = 414000. R = (414000 × 100)/(1035000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1062000 for 2 years at 31% per annum is

A. Rs. 658640

B. Rs. 658440

C. Rs. 658840

D. Rs. 658240

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Correct Answer: Option B

Explanation:
SI = (1062000 × 31 × 2)/100 = 658440.

This question belongs to: Maths Simple Interest

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