Simple interest on Rs. 3042000 for 2 years at 75% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 3042000 for 2 years at 75% per annum is

A. Rs. 4562800

B. Rs. 4563400

C. Rs. 4563200

D. Rs. 4563000

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (3042000 × 75 × 2)/100 = 4563000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 55000 for 3 years at 8% per annum is

A. Rs. 13000

B. Rs. 13400

C. Rs. 13600

D. Rs. 13200

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Correct Answer: Option D

Explanation:
SI = (55000 × 8 × 3)/100 = 13200.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 2565000 amounts to Rs. 3591000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 1026000. R = (1026000 × 100)/(2565000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 16416000 interest in 8 years at 45% SI is

A. Rs. 4549000

B. Rs. 4550000

C. Rs. 4551000

D. Rs. 4548000

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Correct Answer: Option B

Explanation:
P = (16416000 × 100)/(45 × 8) = 4550000.

This question belongs to: Maths Simple Interest

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