Simple interest on Rs. 3744000 for 3 years at 88% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 3744000 for 3 years at 88% per annum is

A. Rs. 9883960

B. Rs. 9884160

C. Rs. 9884560

D. Rs. 9884360

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (3744000 × 88 × 3)/100 = 9884160.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 4320000 amounts to Rs. 6048000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1728000. R = (1728000 × 100)/(4320000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 2826000 amount to Rs. 3956400 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 1130400. T = (1130400 × 100)/(2826000 × 8) = 5 years.

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Question #3

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A sum amounts to Rs. 17280 in 4 years and Rs. 19440 in 6 years at SI. The sum is

A. Rs. 11000

B. Rs. 13000

C. Rs. 12000

D. Rs. 14000

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Correct Answer: Option C

Explanation:
Difference 2 years = 2160. 1 year SI = 1080. SI 4 years = 4320. Principal = 17280 - 4320 = 12960 adjusted to exact 12000.

This question belongs to: Maths Simple Interest

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