Simple interest on Rs. 1944000 for 3 years at 48% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 1944000 for 3 years at 48% per annum is

A. Rs. 2799760

B. Rs. 2799360

C. Rs. 2799160

D. Rs. 2799560

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (1944000 × 48 × 3)/100 = 2799360.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 756000 for 3 years at 24% per annum is

A. Rs. 544520

B. Rs. 544320

C. Rs. 544720

D. Rs. 544120

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Correct Answer: Option B

Explanation:
SI = (756000 × 24 × 3)/100 = 544320.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 21202 interest in 7 years at 8% SI is

A. Rs. 37862

B. Rs. 36862

C. Rs. 37362

D. Rs. 38662

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Correct Answer: Option A

Explanation:
P = (21202 * 100)/(8 * 7) = 37862.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 1953000 amounts to Rs. 2538900 in 3 years is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 585900. R = (585900 × 100)/(1953000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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