Simple interest on Rs. 360000 for 3 years at 13% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 360000 for 3 years at 13% per annum is

A. Rs. 140200

B. Rs. 140800

C. Rs. 140400

D. Rs. 140600

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (360000 × 13 × 3)/100 = 140400.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 675000 amount to Rs. 945000 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 270000. T = (270000 × 100)/(675000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 45000 amounts to Rs. 58500 in 3 years at simple interest. The rate is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 13500. R = (13500 × 100)/(45000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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The principal that gives Rs. 13759200 interest in 9 years at 34% SI is

A. Rs. 4501000

B. Rs. 4500000

C. Rs. 4498000

D. Rs. 4499000

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Correct Answer: Option B

Explanation:
P = (13759200 × 100)/(34 × 9) = 4500000.

This question belongs to: Maths Simple Interest

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