Simple interest on Rs. 3492000 for 2 years at 85% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 3492000 for 2 years at 85% per annum is

A. Rs. 5936800

B. Rs. 5936400

C. Rs. 5936600

D. Rs. 5936200

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (3492000 × 85 × 2)/100 = 5936400.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 4311000 amount to Rs. 6035400 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 1724400. T = (1724400 × 100)/(4311000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 5644800 interest in 9 years at 22% SI is

A. Rs. 2849000

B. Rs. 2846000

C. Rs. 2847000

D. Rs. 2848000

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Correct Answer: Option D

Explanation:
P = (5644800 × 100)/(22 × 9) = 2848000.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 1107000 for 2 years at 32% per annum is

A. Rs. 708280

B. Rs. 708880

C. Rs. 708480

D. Rs. 708680

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Correct Answer: Option C

Explanation:
SI = (1107000 × 32 × 2)/100 = 708480.

This question belongs to: Maths Simple Interest

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