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. 7326160

B. Rs. 7326760

C. Rs. 7326360

D. Rs. 7326560

Answer: Option C

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

The rate at which Rs. 4068000 amounts to Rs. 5288400 in 3 years is

A. 10%

B. 8%

C. 9%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 1220400. R = (1220400 × 100)/(4068000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal giving Rs. 705600 SI in 9 years at 8%

A. Rs. 980000

B. Rs. 979000

C. Rs. 978000

D. Rs. 981000

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Correct Answer: Option A

Explanation:
P = (705600 * 100)/(8 * 9) = 980000.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3996000 amount to Rs. 5594400 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 1598400. T = (1598400 × 100)/(3996000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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