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

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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

Simple interest on Rs. 1152000 for 2 years at 33% per annum is

A. Rs. 760520

B. Rs. 760320

C. Rs. 760720

D. Rs. 760120

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Correct Answer: Option B

Explanation:
SI = (1152000 × 33 × 2)/100 = 760320.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 135000 for 3 years at 7% per annum is

A. Rs. 28550

B. Rs. 28350

C. Rs. 28150

D. Rs. 28750

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Correct Answer: Option B

Explanation:
SI = (135000 × 7 × 3)/100 = 28350.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 48000 at 8% to amount Rs. 67200

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 19200. T = (19200 * 100)/(48000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

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