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. 3586680

B. Rs. 3586880

C. Rs. 3587080

D. Rs. 3586480

Answer: Option A

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

The rate at which Rs. 28000 amounts to Rs. 39200 in 4 years is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 11200. R = (11200 × 100)/(28000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

SI on Rs. 45500 for 2 years at 12%

A. Rs. 11320

B. Rs. 10720

C. Rs. 10920

D. Rs. 11120

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Correct Answer: Option C

Explanation:
SI = (45500 * 12 * 2)/100 = 10920.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 105000 at 8% to amount Rs. 147000

A. 5 years

B. 6 years

C. 7 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 42000. T = (42000 * 100)/(105000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

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