Simple interest on Rs. 2502000 for 2 years at 63% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 2502000 for 2 years at 63% per annum is

A. Rs. 3152920

B. Rs. 3152720

C. Rs. 3152520

D. Rs. 3152320

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (2502000 × 63 × 2)/100 = 3152520.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 3582000 for 2 years at 87% per annum is

A. Rs. 6233080

B. Rs. 6232480

C. Rs. 6232680

D. Rs. 6232880

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Correct Answer: Option C

Explanation:
SI = (3582000 × 87 × 2)/100 = 6232680.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 630000 interest in 9 years at 10% SI is

A. Rs. 701000

B. Rs. 700000

C. Rs. 698000

D. Rs. 699000

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Correct Answer: Option B

Explanation:
P = (630000 × 100)/(10 × 9) = 700000.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 1575000 amounts to Rs. 2205000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 630000. R = (630000 × 100)/(1575000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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