Simple interest on Rs. 279000 for 3 years at 11% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 279000 for 3 years at 11% per annum is

A. Rs. 91870

B. Rs. 92270

C. Rs. 92470

D. Rs. 92070

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (279000 × 11 × 3)/100 = 92070.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 2817000 for 2 years at 70% per annum is

A. Rs. 3944200

B. Rs. 3943800

C. Rs. 3944000

D. Rs. 3943600

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Correct Answer: Option B

Explanation:
SI = (2817000 × 70 × 2)/100 = 3943800.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 63000 amount to Rs. 88200 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 25200. T = (25200 × 100)/(63000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 1035000 amounts to Rs. 1449000 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 = 414000. R = (414000 × 100)/(1035000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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