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. 3870720
B. Rs. 3871120
C. Rs. 3870920
D. Rs. 3870520
Answer: Option A
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. 1296000 amount to Rs. 1814400 at 8% simple interest?
A. 7 years
B. 5 years
C. 4 years
D. 6 years

Correct Answer: Option B


Explanation:
SI = 518400. T = (518400 × 100)/(1296000 × 8) = 5 years.

This question belongs to: Maths Simple Interest
Question #2
The principal giving Rs. 184800 SI in 8 years at 11%
A. Rs. 210000
B. Rs. 209000
C. Rs. 211000
D. Rs. 208000

Correct Answer: Option A


Explanation:
P = (184800 * 100)/(11 * 8) = 210000.

This question belongs to: Maths Simple Interest
Question #3
The principal that gives Rs. 7776000 interest in 8 years at 30% SI is
A. Rs. 3240000
B. Rs. 3241000
C. Rs. 3239000
D. Rs. 3238000

Correct Answer: Option A


Explanation:
P = (7776000 × 100)/(30 × 8) = 3240000.

This question belongs to: Maths Simple Interest