Simple interest on Rs. 333000 for 2 years at 15% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 333000 for 2 years at 15% per annum is

A. Rs. 99900

B. Rs. 99700

C. Rs. 100100

D. Rs. 100300

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (333000 × 15 × 2)/100 = 99900.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 81000 amount to Rs. 113400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 32400. T = (32400 × 100)/(81000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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Years for Rs. 154000 at 5% to give Rs. 46200 interest

A. 5 years

B. 4 years

C. 6 years

D. 7 years

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Correct Answer: Option C

Explanation:
T = (46200 * 100)/(154000 * 5) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 4248000 amounts to Rs. 5522400 in 3 years is

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 1274400. R = (1274400 × 100)/(4248000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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