Simple interest on Rs. 342000 for 2 years at 15% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 342000 for 2 years at 15% per annum is

A. Rs. 102400

B. Rs. 102800

C. Rs. 102600

D. Rs. 103000

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (342000 × 15 × 2)/100 = 102600.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 486000 amount to Rs. 680400 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 194400. T = (194400 × 100)/(486000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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A sum at 5% SI for 7 years amounts to Rs. 46200. Principal

A. Rs. 34000

B. Rs. 31000

C. Rs. 32000

D. Rs. 33000

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Correct Answer: Option D

Explanation:
SI = 13200. P = 46200 - 13200 = 33000.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 3231000 amount to Rs. 4523400 at 8% simple interest?

A. 7 years

B. 6 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1292400. T = (1292400 × 100)/(3231000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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