Simple interest on Rs. 3024000 for 3 years at 72% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 3024000 for 3 years at 72% per annum is

A. Rs. 6533760

B. Rs. 6534160

C. Rs. 6533960

D. Rs. 6533560

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (3024000 × 72 × 3)/100 = 6533760.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 945000 amounts to Rs. 1323000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 378000. R = (378000 × 100)/(945000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 1818000 amounts to Rs. 2363400 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 545400. R = (545400 × 100)/(1818000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 12000 for 2 years at 7% per annum is

A. Rs. 1680

B. Rs. 2100

C. Rs. 1500

D. Rs. 1800

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Correct Answer: Option A

Explanation:
SI = (12000 × 7 × 2)/100 = 1680.

This question belongs to: Maths Simple Interest

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