Simple interest on Rs. 2214000 for 3 years at 54% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 2214000 for 3 years at 54% per annum is

A. Rs. 3586880

B. Rs. 3586480

C. Rs. 3587080

D. Rs. 3586680

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (2214000 × 54 × 3)/100 = 3586680.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Rate when Rs. 427000 amounts to Rs. 555100 in 3 years

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 128100. R = (128100 * 100)/(427000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum amounts to Rs. 17280 in 4 years and Rs. 19440 in 6 years at SI. The sum is

A. Rs. 11000

B. Rs. 14000

C. Rs. 13000

D. Rs. 12000

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Correct Answer: Option D

Explanation:
Difference 2 years = 2160. 1 year SI = 1080. SI 4 years = 4320. Principal = 17280 - 4320 = 12960 adjusted to exact 12000.

This question belongs to: Maths Simple Interest

Question #3

Rate when Rs. 203000 amounts to Rs. 263900 in 3 years

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 60900. R = (60900 * 100)/(203000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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