Simple interest on Rs. 387000 for 2 years at 16% per annum is MCQ with Answer and Explanation

Question

Share Report Error

Simple interest on Rs. 387000 for 2 years at 16% per annum is

A. Rs. 124240

B. Rs. 123640

C. Rs. 124040

D. Rs. 123840

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (387000 × 16 × 2)/100 = 123840.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

Principal for Rs. 134400 interest in 8 years at 12%

A. Rs. 139000

B. Rs. 141000

C. Rs. 138000

D. Rs. 140000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
P = (134400 * 100)/(12 * 8) = 140000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 25200 interest in 6 years at 7% SI is

A. Rs. 58000

B. Rs. 59000

C. Rs. 60000

D. Rs. 61000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
P = (25200 × 100)/(7 × 6) = 60000.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 1998000 amounts to Rs. 2597400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = 599400. R = (599400 × 100)/(1998000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs