Simple interest on Rs. 3699000 for 3 years at 87% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 3699000 for 3 years at 87% per annum is

A. Rs. 9653890

B. Rs. 9653490

C. Rs. 9653290

D. Rs. 9653690

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (3699000 × 87 × 3)/100 = 9653490.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 153000 for 3 years at 8% per annum is

A. Rs. 36720

B. Rs. 36920

C. Rs. 37120

D. Rs. 36520

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Correct Answer: Option A

Explanation:
SI = (153000 × 8 × 3)/100 = 36720.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 16500 amounts to Rs. 23100 in 4 years is

A. 8%

B. 12%

C. 15%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 6600. R = (6600 * 100)/(16500 * 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2565000 amounts to Rs. 3591000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1026000. R = (1026000 × 100)/(2565000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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