Simple interest on Rs. 2862000 for 2 years at 71% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 2862000 for 2 years at 71% per annum is

A. Rs. 4065640

B. Rs. 4065440

C. Rs. 4065040

D. Rs. 4065240

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (2862000 × 71 × 2)/100 = 4065240.

This question belongs to: Maths Simple Interest

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Question #1

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

A. 4 years

B. 5 years

C. 6 years

D. 7 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 #2

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Simple interest on Rs. 248500 for 4 years at 8%

A. Rs. 79720

B. Rs. 79520

C. Rs. 79320

D. Rs. 79920

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Correct Answer: Option B

Explanation:
SI = (248500 * 8 * 4)/100 = 79520.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 216000 amount to Rs. 302400 at 8% simple interest?

A. 7 years

B. 4 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 86400. T = (86400 × 100)/(216000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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