Simple interest on Rs. 2304000 for 3 years at 56% per annum is MCQ with Answer and Explanation

Simple interest on Rs. 2304000 for 3 years at 56% per annum is
A. Rs. 3870920
B. Rs. 3871120
C. Rs. 3870520
D. Rs. 3870720
Answer: Option D
Solution (By JKSSB Mock Tests)
SI = (2304000 × 56 × 3)/100 = 3870720.

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Practice More Simple Interest Questions

Question #1
In how many years will Rs. 207000 amount to Rs. 289800 at 8% simple interest?
A. 7 years
B. 4 years
C. 6 years
D. 5 years

Correct Answer: Option D


Explanation:
SI = 82800. T = (82800 × 100)/(207000 × 8) = 5 years.

This question belongs to: Maths Simple Interest
Question #2
In how many years will Rs. 32000 amount to Rs. 44800 at 8% simple interest?
A. 6 years
B. 4 years
C. 7 years
D. 5 years

Correct Answer: Option D


Explanation:
SI = 12800. T = (12800 × 100)/(32000 × 8) = 5 years.

This question belongs to: Maths Simple Interest
Question #3
Simple interest on Rs. 56000 for 2 years at 12% per annum is
A. Rs. 13840
B. Rs. 13240
C. Rs. 13440
D. Rs. 13640

Correct Answer: Option C


Explanation:
SI = (56000 × 12 × 2)/100 = 13440.

This question belongs to: Maths Simple Interest