Simple interest on Rs. 1629000 for 3 years at 41% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 1629000 for 3 years at 41% per annum is

A. Rs. 2003070

B. Rs. 2003470

C. Rs. 2002870

D. Rs. 2003270

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (1629000 × 41 × 3)/100 = 2003070.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The rate at which Rs. 2673000 amounts to Rs. 3474900 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 802000 approx adjusted 10%.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 2511000 amount to Rs. 3515400 at 8% simple interest?

A. 7 years

B. 4 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1004400. T = (1004400 × 100)/(2511000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 207000 amount to Rs. 289800 at 8% simple interest?

A. 4 years

B. 7 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 82800. T = (82800 × 100)/(207000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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