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. 83560

B. Rs. 82960

C. Rs. 83160

D. Rs. 83360

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

Years for Rs. 294000 at 9% to give Rs. 158760 interest

A. 7 years

B. 6 years

C. 5 years

D. 4 years

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Correct Answer: Option B

Explanation:
T = (158760 * 100)/(294000 * 9) = 6 years.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 16992000 interest in 8 years at 46% SI is

A. Rs. 4617391

B. Rs. 4615391

C. Rs. 4618391

D. Rs. 4616391

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Correct Answer: Option A

Explanation:
P = (16992000 × 100)/(46 × 8) = 4617391.

This question belongs to: Maths Simple Interest

Question #3

A sum at 17% SI for 4 years amounts to Rs. 392000. Principal

A. Rs. 208000

B. Rs. 210000

C. Rs. 211000

D. Rs. 209000

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Correct Answer: Option B

Explanation:
SI = 182000. P = 392000 - 182000 = 210000.

This question belongs to: Maths Simple Interest

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