Simple interest on Rs. 206500 for 3 years at 16% MCQ with Answer and Explanation

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Simple interest on Rs. 206500 for 3 years at 16%

A. Rs. 99240

B. Rs. 98840

C. Rs. 99440

D. Rs. 99040

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (206500 * 16 * 3)/100 = 99040.

This question belongs to: Maths Simple Interest

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Question #1

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Simple interest on Rs. 1287000 for 2 years at 36% per annum is

A. Rs. 926840

B. Rs. 926440

C. Rs. 927040

D. Rs. 926640

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Correct Answer: Option D

Explanation:
SI = (1287000 × 36 × 2)/100 = 926640.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 105000 amounts to Rs. 136500 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 31500. R = (31500 × 100)/(105000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 3816000 amount to Rs. 5342400 at 8% simple interest?

A. 7 years

B. 4 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1526400. T = (1526400 × 100)/(3816000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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