Simple interest on Rs. 2232000 for 2 years at 57% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 2232000 for 2 years at 57% per annum is

A. Rs. 2544880

B. Rs. 2544680

C. Rs. 2544480

D. Rs. 2544280

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (2232000 × 57 × 2)/100 = 2544480.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 126000 amount to Rs. 176400 at 8% simple interest?

A. 7 years

B. 4 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 50400. T = (50400 × 100)/(126000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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Rate for Rs. 245000 to Rs. 318500 in 3 years SI

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 73500. R = (73500 * 100)/(245000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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The principal that gives Rs. 9126000 interest in 9 years at 26% SI is

A. Rs. 3899000

B. Rs. 3898000

C. Rs. 3901000

D. Rs. 3900000

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Correct Answer: Option D

Explanation:
P = (9126000 × 100)/(26 × 9) = 3900000.

This question belongs to: Maths Simple Interest

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