Simple interest on Rs. 2574000 for 3 years at 62% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 2574000 for 3 years at 62% per annum is

A. Rs. 4788040

B. Rs. 4787440

C. Rs. 4787640

D. Rs. 4787840

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (2574000 × 62 × 3)/100 = 4787640.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

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A sum of Rs. 2430000 amounts to Rs. 3402000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 972000. R = (972000 × 100)/(2430000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 540000 for 3 years at 18% per annum is

A. Rs. 291400

B. Rs. 291600

C. Rs. 292000

D. Rs. 291800

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Correct Answer: Option B

Explanation:
SI = (540000 × 18 × 3)/100 = 291600.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 576000 for 3 years at 19% per annum is

A. Rs. 328120

B. Rs. 328520

C. Rs. 328320

D. Rs. 328720

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Correct Answer: Option C

Explanation:
SI = (576000 × 19 × 3)/100 = 328320.

This question belongs to: Maths Simple Interest

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