Simple interest on Rs. 2277000 for 2 years at 58% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 2277000 for 2 years at 58% per annum is

A. Rs. 2641320

B. Rs. 2641120

C. Rs. 2641520

D. Rs. 2641720

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (2277000 × 58 × 2)/100 = 2641320.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 3456000 amount to Rs. 4838400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 1382400. T = (1382400 × 100)/(3456000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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A sum amounts to Rs. 26600 in 4 years at 9% SI. Principal

A. Rs. 20000

B. Rs. 18000

C. Rs. 21000

D. Rs. 19000

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Correct Answer: Option A

Explanation:
SI = 6600. P = 26600 - 6600 = 20000.

This question belongs to: Maths Simple Interest

Question #3

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

A. 6 years

B. 7 years

C. 9 years

D. 8 years

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Correct Answer: Option B

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

This question belongs to: Maths Simple Interest

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