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. 2003270

B. Rs. 2003470

C. Rs. 2003070

D. Rs. 2002870

Answer: Option C

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

Simple interest on Rs. 164500 for 2 years at 15%

A. Rs. 49150

B. Rs. 49750

C. Rs. 49350

D. Rs. 49550

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Correct Answer: Option C

Explanation:
SI = (164500 * 15 * 2)/100 = 49350.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 225000 for 2 years at 12% per annum is

A. Rs. 54000

B. Rs. 54200

C. Rs. 54400

D. Rs. 53800

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Correct Answer: Option A

Explanation:
SI = (225000 × 12 × 2)/100 = 54000.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 35000 amounts to Rs. 45500 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 6%

D. 7.5%

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Correct Answer: Option D

Explanation:
SI = 10500. R = (10500 × 100)/(35000 × 4) = 7.5%.

This question belongs to: Maths Simple Interest

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