Simple interest on Rs. 2934000 for 3 years at 70% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 2934000 for 3 years at 70% per annum is

A. Rs. 6161800

B. Rs. 6161600

C. Rs. 6161400

D. Rs. 6161200

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (2934000 × 70 × 3)/100 = 6161400.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The rate at which Rs. 396000 amounts to Rs. 514800 in 3 years is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 118800. R = (118800 × 100)/(396000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 567000 for 2 years at 20% per annum is

A. Rs. 226800

B. Rs. 227000

C. Rs. 227200

D. Rs. 226600

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Correct Answer: Option A

Explanation:
SI = (567000 × 20 × 2)/100 = 226800.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 15120 interest in 4 years at 9% SI is

A. Rs. 40000

B. Rs. 42000

C. Rs. 41000

D. Rs. 43000

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Correct Answer: Option B

Explanation:
P = (15120 × 100)/(9 × 4) = 42000.

This question belongs to: Maths Simple Interest

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