Simple interest on Rs. 2844000 for 3 years at 68% per annum is MCQ with Answer and Explanation

Simple interest on Rs. 2844000 for 3 years at 68% per annum is
A. Rs. 5801760
B. Rs. 5801560
C. Rs. 5802160
D. Rs. 5801960
Answer: Option A
Solution (By JKSSB Mock Tests)
SI = (2844000 × 68 × 3)/100 = 5801760.

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Practice More Simple Interest Questions

Question #1
In how many years will Rs. 306000 amount to Rs. 428400 at 8% simple interest?
A. 7 years
B. 5 years
C. 6 years
D. 4 years

Correct Answer: Option B


Explanation:
SI = 122400. T = (122400 × 100)/(306000 × 8) = 5 years.

This question belongs to: Maths Simple Interest
Question #2
In how many years will Rs. 24000 amount to Rs. 33600 at 10% simple interest?
A. 4 years
B. 3 years
C. 6 years
D. 5 years

Correct Answer: Option A


Explanation:
SI = 9600. T = (9600 × 100)/(24000 × 10) = 4 years.

This question belongs to: Maths Simple Interest
Question #3
The rate at which Rs. 3798000 amounts to Rs. 4937400 in 3 years is
A. 12%
B. 10%
C. 8%
D. 9%

Correct Answer: Option B


Explanation:
SI = 1139400. R = (1139400 × 100)/(3798000 × 3) = 10%.

This question belongs to: Maths Simple Interest