Simple interest on Rs. 234000 for 3 years at 10% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 234000 for 3 years at 10% per annum is

A. Rs. 70400

B. Rs. 70600

C. Rs. 70200

D. Rs. 70000

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (234000 × 10 × 3)/100 = 70200.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 1836000 amount to Rs. 2570400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 734400. T = (734400 × 100)/(1836000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 28000 for 5 years at 6% per annum is

A. Rs. 8400

B. Rs. 8800

C. Rs. 8200

D. Rs. 8600

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Correct Answer: Option A

Explanation:
SI = (28000 × 6 × 5)/100 = 8400.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 414000 for 3 years at 14% per annum is

A. Rs. 174280

B. Rs. 174080

C. Rs. 173880

D. Rs. 173680

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Correct Answer: Option C

Explanation:
SI = (414000 × 14 × 3)/100 = 173880.

This question belongs to: Maths Simple Interest

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