Simple interest on Rs. 2142000 for 2 years at 55% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 2142000 for 2 years at 55% per annum is

A. Rs. 2356400

B. Rs. 2356600

C. Rs. 2356000

D. Rs. 2356200

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (2142000 × 55 × 2)/100 = 2356200.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 2835000 amounts to Rs. 3969000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 1134000. R = (1134000 × 100)/(2835000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 50300 amounts to Rs. 77965 in 5 years at simple interest. The rate is

A. 12%

B. 10%

C. 11%

D. 13%

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Correct Answer: Option C

Explanation:
SI = 27665. R = (27665 × 100)/(50300 × 5) = 11%.

This question belongs to: Maths Simple Interest

Question #3

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

A. 5 years

B. 7 years

C. 4 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

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