Simple interest on Rs. 3897000 for 2 years at 94% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 3897000 for 2 years at 94% per annum is

A. Rs. 7326560

B. Rs. 7326360

C. Rs. 7326160

D. Rs. 7326760

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (3897000 × 94 × 2)/100 = 7326360.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 50000 for 3 years at 9% per annum is

A. Rs. 13300

B. Rs. 13500

C. Rs. 13700

D. Rs. 13900

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Correct Answer: Option B

Explanation:
SI = (50000 × 9 × 3)/100 = 13500.

This question belongs to: Maths Simple Interest

Question #2

Time for Rs. 224000 at 8% to amount Rs. 313600

A. 5 years

B. 6 years

C. 7 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 89600. T = (89600 * 100)/(224000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 16416000 interest in 8 years at 45% SI is

A. Rs. 4551000

B. Rs. 4550000

C. Rs. 4549000

D. Rs. 4548000

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Correct Answer: Option B

Explanation:
P = (16416000 × 100)/(45 × 8) = 4550000.

This question belongs to: Maths Simple Interest

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