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

Question

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

A. Rs. 53800

B. Rs. 54200

C. Rs. 54400

D. Rs. 54000

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (225000 × 12 × 2)/100 = 54000.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 225000 amounts to Rs. 315000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 90000. R = (90000 × 100)/(225000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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Years for Rs. 84000 at 7% to give Rs. 35280 interest

A. 6 years

B. 4 years

C. 5 years

D. 7 years

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Correct Answer: Option A

Explanation:
T = (35280 * 100)/(84000 * 7) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

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Years for Rs. 294000 at 9% to give Rs. 158760 interest

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option A

Explanation:
T = (158760 * 100)/(294000 * 9) = 6 years.

This question belongs to: Maths Simple Interest

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