Simple interest on Rs. 192500 for 2 years at 15% MCQ with Answer and Explanation

Question

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Simple interest on Rs. 192500 for 2 years at 15%

A. Rs. 57750

B. Rs. 58150

C. Rs. 57550

D. Rs. 57950

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (192500 * 15 * 2)/100 = 57750.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years Rs. 16000 will give Rs. 4800 interest at 6% SI?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

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Correct Answer: Option A

Explanation:
T = (4800 * 100)/(16000 * 6) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 3231000 amount to Rs. 4523400 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 1292400. T = (1292400 × 100)/(3231000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 2115000 amounts to Rs. 2961000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 846000. R = (846000 × 100)/(2115000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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