Simple interest on Rs. 1962000 for 2 years at 51% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 1962000 for 2 years at 51% per annum is

A. Rs. 2001240

B. Rs. 2001040

C. Rs. 2001440

D. Rs. 2001640

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (1962000 × 51 × 2)/100 = 2001240.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Years for Rs. 182000 at 8% to give Rs. 87360 interest

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option B

Explanation:
T = (87360 * 100)/(182000 * 8) = 6 years.

This question belongs to: Maths Simple Interest

Question #2

Rate when Rs. 126000 amounts to Rs. 163800 in 3 years

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 37800. R = (37800 * 100)/(126000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 48000 amounts to Rs. 67200 in 5 years at simple interest. The rate is

A. 6%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 19200. R = (19200 × 100)/(48000 × 5) = 8%.

This question belongs to: Maths Simple Interest

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