Simple interest on Rs. 3087000 for 2 years at 76% per annum is MCQ with Answer and Explanation

Simple interest on Rs. 3087000 for 2 years at 76% per annum is
A. Rs. 4692240
B. Rs. 4692440
C. Rs. 4692640
D. Rs. 4692040
Answer: Option A
Solution (By JKSSB Mock Tests)
SI = (3087000 × 76 × 2)/100 = 4692240.

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Practice More Simple Interest Questions

Question #1
Simple interest on Rs. 3987000 for 2 years at 96% per annum is
A. Rs. 7655240
B. Rs. 7654840
C. Rs. 7655040
D. Rs. 7655440

Correct Answer: Option C


Explanation:
SI = (3987000 × 96 × 2)/100 = 7655040.

This question belongs to: Maths Simple Interest
Question #2
The principal that gives Rs. 2293200 interest in 8 years at 17% SI is
A. Rs. 1687500
B. Rs. 1685500
C. Rs. 1688500
D. Rs. 1686500

Correct Answer: Option A


Explanation:
P = (2293200 × 100)/(17 × 8) = 1687500.

This question belongs to: Maths Simple Interest
Question #3
In how many years will Rs. 31500 amount to Rs. 47250 at 10% simple interest?
A. 5 years
B. 7 years
C. 6 years
D. 4 years

Correct Answer: Option A


Explanation:
SI = 15750. T = (15750 × 100)/(31500 × 10) = 5 years.

This question belongs to: Maths Simple Interest