Simple interest on Rs. 2997000 for 2 years at 74% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 2997000 for 2 years at 74% per annum is

A. Rs. 4435360

B. Rs. 4435960

C. Rs. 4435560

D. Rs. 4435760

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (2997000 × 74 × 2)/100 = 4435560.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 396000 amounts to Rs. 554400 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 158400. R = (158400 × 100)/(396000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 2151000 amount to Rs. 3011400 at 8% simple interest?

A. 7 years

B. 6 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 860400. T = (860400 × 100)/(2151000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 117000 amount to Rs. 163800 at 8% simple interest?

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 46800. T = (46800 × 100)/(117000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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