Simple interest on Rs. 1602000 for 2 years at 43% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 1602000 for 2 years at 43% per annum is

A. Rs. 1378120

B. Rs. 1377720

C. Rs. 1377520

D. Rs. 1377920

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (1602000 × 43 × 2)/100 = 1377720.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 42353 amounts to Rs. 86823 in 7 years at simple interest. Rate is

A. 15%

B. 13%

C. 12%

D. 17%

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Correct Answer: Option A

Explanation:
SI = 44470. R = (44470 * 100)/(42353 * 7) = 15%.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 8323200 interest in 8 years at 31% SI is

A. Rs. 3349000

B. Rs. 3350000

C. Rs. 3348000

D. Rs. 3351000

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Correct Answer: Option B

Explanation:
P = (8323200 × 100)/(31 × 8) = 3350000.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 2898000 amounts to Rs. 3767400 in 3 years is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 869400. R = (869400 × 100)/(2898000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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