Simple interest on Rs. 225000 for 2 years at 12% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 225000 for 2 years at 12% per annum is

A. Rs. 54200

B. Rs. 54000

C. Rs. 54400

D. Rs. 53800

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (225000 × 12 × 2)/100 = 54000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 477000 for 2 years at 18% per annum is

A. Rs. 171720

B. Rs. 172120

C. Rs. 171520

D. Rs. 171920

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Correct Answer: Option A

Explanation:
SI = (477000 × 18 × 2)/100 = 171720.

This question belongs to: Maths Simple Interest

Question #2

In how many years Rs. 22964 will amount to Rs. 34216 at 7% simple interest?

A. 8 years

B. 9 years

C. 7 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 11252. T = (11252 * 100)/(22964 * 7) = 7 years.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 4000 amount to Rs. 5200 at 6% simple interest?

A. 4 years

B. 3 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 1200. T = (1200 × 100)/(4000 × 6) = 5 years.

This question belongs to: Maths Simple Interest

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