Simple interest on Rs. 2412000 for 2 years at 61% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 2412000 for 2 years at 61% per annum is

A. Rs. 2942440

B. Rs. 2942840

C. Rs. 2942640

D. Rs. 2943040

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (2412000 × 61 × 2)/100 = 2942640.

This question belongs to: Maths Simple Interest

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Question #1

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A certain sum amounts to Rs. 16200 in 4 years and Rs. 17550 in 6 years at SI. The principal is

A. Rs. 13500

B. Rs. 12000

C. Rs. 15000

D. Rs. 10500

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Correct Answer: Option A

Explanation:
Difference 2 years = 1350. SI 1 year = 675. SI 4 years = 2700. Principal = 16200 - 2700 = 13500.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 2763000 amounts to Rs. 3591900 in 3 years is

A. 10%

B. 8%

C. 9%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 828900. R = (828900 × 100)/(2763000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 36000 for 2 years at 11% per annum is

A. Rs. 8320

B. Rs. 8120

C. Rs. 7920

D. Rs. 7720

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Correct Answer: Option C

Explanation:
SI = (36000 × 11 × 2)/100 = 7920.

This question belongs to: Maths Simple Interest

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