Simple interest on Rs. 324000 for 3 years at 12% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 324000 for 3 years at 12% per annum is

A. Rs. 116640

B. Rs. 117040

C. Rs. 116440

D. Rs. 116840

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (324000 × 12 × 3)/100 = 116640.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 4185000 amounts to Rs. 5859000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 1674000. R = (1674000 × 100)/(4185000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 1215000 amounts to Rs. 1701000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 486000. R = (486000 × 100)/(1215000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Years for Rs. 210000 at 9% to give Rs. 113400 interest

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option C

Explanation:
T = (113400 * 100)/(210000 * 9) = 6 years.

This question belongs to: Maths Simple Interest

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