Simple interest on Rs. 3987000 for 2 years at 96% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 3987000 for 2 years at 96% per annum is

A. Rs. 7655440

B. Rs. 7655240

C. Rs. 7654840

D. Rs. 7655040

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (3987000 × 96 × 2)/100 = 7655040.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 3312000 for 2 years at 81% per annum is

A. Rs. 5365640

B. Rs. 5365440

C. Rs. 5365240

D. Rs. 5365840

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Correct Answer: Option B

Explanation:
SI = (3312000 × 81 × 2)/100 = 5365440.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 3960000 amounts to Rs. 5544000 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 = 1584000. R = (1584000 × 100)/(3960000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 14688000 interest in 8 years at 43% SI is

A. Rs. 4274000

B. Rs. 4276000

C. Rs. 4273000

D. Rs. 4275000

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Correct Answer: Option D

Explanation:
P = (14688000 × 100)/(43 × 8) = 4275000.

This question belongs to: Maths Simple Interest

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