Simple interest on Rs. 2394000 for 3 years at 58% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 2394000 for 3 years at 58% per annum is

A. Rs. 4165560

B. Rs. 4165760

C. Rs. 4165360

D. Rs. 4165960

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (2394000 × 58 × 3)/100 = 4165560.

This question belongs to: Maths Simple Interest

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Question #1

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The principal that gives Rs. 10627200 interest in 8 years at 35% SI is

A. Rs. 3798000

B. Rs. 3801000

C. Rs. 3800000

D. Rs. 3799000

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Correct Answer: Option C

Explanation:
P = (10627200 × 100)/(35 × 8) = 3800000.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 666000 amount to Rs. 932400 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 266400. T = (266400 × 100)/(666000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 1494000 for 3 years at 38% per annum is

A. Rs. 1702960

B. Rs. 1703160

C. Rs. 1703360

D. Rs. 1703560

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Correct Answer: Option B

Explanation:
SI = (1494000 × 38 × 3)/100 = 1703160.

This question belongs to: Maths Simple Interest

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