Simple interest on Rs. 2097000 for 2 years at 54% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 2097000 for 2 years at 54% per annum is

A. Rs. 2264760

B. Rs. 2265160

C. Rs. 2264960

D. Rs. 2264560

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (2097000 × 54 × 2)/100 = 2264760.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The rate at which Rs. 1548000 amounts to Rs. 2012400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 464400. R = (464400 × 100)/(1548000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

At what rate percent per annum will a sum of Rs. 7500 amount to Rs. 9000 in 4 years?

A. 5%

B. 8%

C. 4%

D. 6%

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Correct Answer: Option A

Explanation:
SI = 1500. R = (1500 × 100)/(7500 × 4) = 5%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 4545000 amounts to Rs. 6363000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1818000. R = (1818000 × 100)/(4545000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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