Simple interest on Rs. 2817000 for 2 years at 70% per annum is MCQ with Answer and Explanation

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

A. Rs. 3943800

B. Rs. 3944200

C. Rs. 3943600

D. Rs. 3944000

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on a sum for 2 years at 12% is Rs. 480. The sum is

A. Rs. 2200

B. Rs. 2000

C. Rs. 1800

D. Rs. 2400

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Correct Answer: Option B

Explanation:
P = (480 × 100)/(12 × 2) = 2000.

This question belongs to: Maths Simple Interest

Question #2

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

A. Rs. 6232680

B. Rs. 6232880

C. Rs. 6232480

D. Rs. 6233080

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Correct Answer: Option A

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

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 196000 at 7% to amount Rs. 274400

A. 5 years

B. 7 years

C. 6 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 78400. T = (78400 * 100)/(196000 * 7) = 6 years.

This question belongs to: Maths Simple Interest

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