Simple interest on Rs. 1557000 for 2 years at 42% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 1557000 for 2 years at 42% per annum is

A. Rs. 1307880

B. Rs. 1308280

C. Rs. 1308080

D. Rs. 1307680

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (1557000 × 42 × 2)/100 = 1307880.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 1341000 amount to Rs. 1877400 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 536400. T = (536400 × 100)/(1341000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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Years for Rs. 63000 at 6% to give Rs. 22680 interest

A. 4 years

B. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option C

Explanation:
T = (22680 * 100)/(63000 * 6) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 540000 for 3 years at 18% per annum is

A. Rs. 291800

B. Rs. 291600

C. Rs. 291400

D. Rs. 292000

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Correct Answer: Option B

Explanation:
SI = (540000 × 18 × 3)/100 = 291600.

This question belongs to: Maths Simple Interest

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