Simple interest on Rs. 162000 for 2 years at 11% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 162000 for 2 years at 11% per annum is

A. Rs. 35840

B. Rs. 35440

C. Rs. 35640

D. Rs. 36040

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (162000 × 11 × 2)/100 = 35640.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The rate at which Rs. 342000 amounts to Rs. 444600 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 102600. R = (102600 × 100)/(342000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2583000 amounts to Rs. 3357900 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 774900. R = (774900 × 100)/(2583000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 819000 for 3 years at 23% per annum is

A. Rs. 565010

B. Rs. 564610

C. Rs. 564810

D. Rs. 565210

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Correct Answer: Option C

Explanation:
SI = (819000 × 23 × 3)/100 = 564810.

This question belongs to: Maths Simple Interest

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