Simple interest on Rs. 4014000 for 3 years at 94% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 4014000 for 3 years at 94% per annum is

A. Rs. 11319280

B. Rs. 11319480

C. Rs. 11319680

D. Rs. 11319880

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (4014000 × 94 × 3)/100 = 11319480.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 3150000 amounts to Rs. 4410000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 1260000. R = (1260000 × 100)/(3150000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 28000 for 5 years at 6% per annum is

A. Rs. 8400

B. Rs. 8800

C. Rs. 8200

D. Rs. 8600

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Correct Answer: Option A

Explanation:
SI = (28000 × 6 × 5)/100 = 8400.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 220500 for 2 years at 17%

A. Rs. 75370

B. Rs. 74770

C. Rs. 75170

D. Rs. 74970

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Correct Answer: Option D

Explanation:
SI = (220500 * 17 * 2)/100 = 74970.

This question belongs to: Maths Simple Interest

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