Simple interest on Rs. 3807000 for 2 years at 92% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 3807000 for 2 years at 92% per annum is

A. Rs. 7004880

B. Rs. 7005080

C. Rs. 7004680

D. Rs. 7005280

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (3807000 × 92 × 2)/100 = 7004880.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 4086000 amount to Rs. 5720400 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 1634400. T = (1634400 × 100)/(4086000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 4509000 for 3 years at 105% per annum is

A. Rs. 14203550

B. Rs. 14203150

C. Rs. 14203750

D. Rs. 14203350

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Correct Answer: Option D

Explanation:
SI = (4509000 × 105 × 3)/100 = 14203350.

This question belongs to: Maths Simple Interest

Question #3

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The principal that gives Rs. 201600 interest in 6 years at 7% SI is

A. Rs. 478000

B. Rs. 480000

C. Rs. 481000

D. Rs. 479000

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Correct Answer: Option B

Explanation:
P = (201600 × 100)/(7 × 6) = 480000.

This question belongs to: Maths Simple Interest

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