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

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

A. Rs. 166720

B. Rs. 166320

C. Rs. 166120

D. Rs. 166520

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (396000 × 14 × 3)/100 = 166320.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The rate at which Rs. 2313000 amounts to Rs. 3006900 in 3 years is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 693900. R = (693900 × 100)/(2313000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The amount after 3 years on Rs. 14000 at 8% SI is

A. Rs. 17560

B. Rs. 17360

C. Rs. 17160

D. Rs. 17760

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Correct Answer: Option B

Explanation:
SI = 3360. Amount = 17360.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 585000 amounts to Rs. 819000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 234000. R = (234000 × 100)/(585000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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