Simple interest on Rs. 2034000 for 3 years at 50% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 2034000 for 3 years at 50% per annum is

A. Rs. 3051000

B. Rs. 3051200

C. Rs. 3051400

D. Rs. 3050800

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (2034000 × 50 × 3)/100 = 3051000.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 621000 amount to Rs. 869400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 248400. T = (248400 × 100)/(621000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 756000 amount to Rs. 1058400 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 302400. T = (302400 × 100)/(756000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 396000 amount to Rs. 554400 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 = 158400. T = (158400 × 100)/(396000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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