Simple interest on Rs. 3942000 for 2 years at 95% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 3942000 for 2 years at 95% per annum is

A. Rs. 7489800

B. Rs. 7490000

C. Rs. 7489600

D. Rs. 7490200

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (3942000 × 95 × 2)/100 = 7489800.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1674000 for 3 years at 42% per annum is

A. Rs. 2113240

B. Rs. 2112640

C. Rs. 2113040

D. Rs. 2112840

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Correct Answer: Option D

Explanation:
SI = (1674000 × 42 × 3)/100 = 2112840.

This question belongs to: Maths Simple Interest

Question #2

The principal on which SI for 5 years at 7% is Rs. 12250 is

A. Rs. 33000

B. Rs. 34000

C. Rs. 35000

D. Rs. 36000

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Correct Answer: Option C

Explanation:
P = (12250 * 100)/(7 * 5) = 35000.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 153000 amounts to Rs. 198900 in 3 years is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 45900. R = (45900 × 100)/(153000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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