Simple interest on Rs. 2754000 for 3 years at 66% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 2754000 for 3 years at 66% per annum is

A. Rs. 5452920

B. Rs. 5453120

C. Rs. 5452720

D. Rs. 5453320

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (2754000 × 66 × 3)/100 = 5452920.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Principal for Rs. 672000 interest in 8 years at 12%

A. Rs. 698000

B. Rs. 700000

C. Rs. 701000

D. Rs. 699000

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Correct Answer: Option B

Explanation:
P = (672000 * 100)/(12 * 8) = 700000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 774000 for 3 years at 22% per annum is

A. Rs. 510640

B. Rs. 511040

C. Rs. 510840

D. Rs. 511240

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Correct Answer: Option C

Explanation:
SI = (774000 × 22 × 3)/100 = 510840.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 2556000 amount to Rs. 3578400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 1022400. T = (1022400 × 100)/(2556000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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