Simple interest on Rs. 297000 for 2 years at 14% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 297000 for 2 years at 14% per annum is

A. Rs. 82960

B. Rs. 83360

C. Rs. 83160

D. Rs. 83560

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (297000 × 14 × 2)/100 = 83160.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 31245 for 5 years at 6% per annum is

A. Rs. 9773

B. Rs. 9573

C. Rs. 9373

D. Rs. 9173

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Correct Answer: Option C

Explanation:
SI = (31245 * 6 * 5)/100 = 9373.

This question belongs to: Maths Simple Interest

Question #2

Rate when Rs. 25000 amounts to Rs. 32500 in 3 years SI

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 7500. R = (7500 * 100)/(25000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 4617000 for 2 years at 108% per annum is

A. Rs. 9973120

B. Rs. 9972720

C. Rs. 9972920

D. Rs. 9972520

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Correct Answer: Option B

Explanation:
SI = (4617000 × 108 × 2)/100 = 9972720.

This question belongs to: Maths Simple Interest

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