Simple interest on Rs. 2457000 for 2 years at 62% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 2457000 for 2 years at 62% per annum is

A. Rs. 3046880

B. Rs. 3046480

C. Rs. 3047080

D. Rs. 3046680

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (2457000 × 62 × 2)/100 = 3046680.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 1386000 amount to Rs. 1940400 at 8% simple interest?

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 554400. T = (554400 × 100)/(1386000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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Years for Rs. 462000 at 14% to give Rs. 388080 interest

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option A

Explanation:
T = (388080 * 100)/(462000 * 14) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

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The principal that gives Rs. 113400 interest in 9 years at 7% SI is

A. Rs. 180000

B. Rs. 178000

C. Rs. 181000

D. Rs. 179000

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Correct Answer: Option A

Explanation:
P = (113400 × 100)/(7 × 9) = 180000.

This question belongs to: Maths Simple Interest

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