Simple interest on Rs. 220500 for 2 years at 17% MCQ with Answer and Explanation

Question

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Simple interest on Rs. 220500 for 2 years at 17%

A. Rs. 74770

B. Rs. 75170

C. Rs. 75370

D. Rs. 74970

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (220500 * 17 * 2)/100 = 74970.

This question belongs to: Maths Simple Interest

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Question #1

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Simple interest on Rs. 612000 for 2 years at 21% per annum is

A. Rs. 256840

B. Rs. 257040

C. Rs. 257240

D. Rs. 257440

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Correct Answer: Option B

Explanation:
SI = (612000 × 21 × 2)/100 = 257040.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 1674000 for 3 years at 42% per annum is

A. Rs. 2112640

B. Rs. 2112840

C. Rs. 2113240

D. Rs. 2113040

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Correct Answer: Option B

Explanation:
SI = (1674000 × 42 × 3)/100 = 2112840.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 3888000 amounts to Rs. 5054400 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 1166400. R = (1166400 × 100)/(3888000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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