Simple interest on Rs. 396000 for 3 years at 14% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 396000 for 3 years at 14% per annum is

A. Rs. 166720

B. Rs. 166520

C. Rs. 166120

D. Rs. 166320

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (396000 × 14 × 3)/100 = 166320.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 405000 amounts to Rs. 567000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 9%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 162000. R = (162000 × 100)/(405000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 2718000 amounts to Rs. 3533400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 815400. R = (815400 × 100)/(2718000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 84000 amounts to Rs. 109200 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 25200. R = (25200 × 100)/(84000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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