Simple interest on Rs. 2500 for 4 years at 9% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 2500 for 4 years at 9% per annum is

A. Rs. 750

B. Rs. 900

C. Rs. 1000

D. Rs. 800

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (2500 × 9 × 4)/100 = 900.

This question belongs to: Maths Simple Interest

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Question #1

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Simple interest on Rs. 729000 for 3 years at 21% per annum is

A. Rs. 459070

B. Rs. 459670

C. Rs. 459270

D. Rs. 459470

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Correct Answer: Option C

Explanation:
SI = (729000 × 21 × 3)/100 = 459270.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 2916000 amount to Rs. 4082400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 1166400. T = (1166400 × 100)/(2916000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 24628 for 10 years at 7% per annum is

A. Rs. 17089

B. Rs. 17239

C. Rs. 17439

D. Rs. 17739

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Correct Answer: Option B

Explanation:
SI = (24628 * 7 * 10)/100 = 17239.

This question belongs to: Maths Simple Interest

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