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

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

A. Rs. 5936200

B. Rs. 5936400

C. Rs. 5936600

D. Rs. 5936800

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

Simple interest on Rs. 747000 for 2 years at 24% per annum is

A. Rs. 358560

B. Rs. 358760

C. Rs. 358360

D. Rs. 358960

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Correct Answer: Option A

Explanation:
SI = (747000 × 24 × 2)/100 = 358560.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 16416000 interest in 8 years at 45% SI is

A. Rs. 4549000

B. Rs. 4551000

C. Rs. 4550000

D. Rs. 4548000

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Correct Answer: Option C

Explanation:
P = (16416000 × 100)/(45 × 8) = 4550000.

This question belongs to: Maths Simple Interest

Question #3

In how many years Rs. 24000 will amount to Rs. 33600 at 8% SI?

A. 5 years

B. 6 years

C. 4 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 9600. T = (9600 × 100)/(24000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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