Simple interest on Rs. 4059000 for 3 years at 95% per annum is MCQ with Answer and Explanation

Simple interest on Rs. 4059000 for 3 years at 95% per annum is
A. Rs. 11568350
B. Rs. 11568550
C. Rs. 11568150
D. Rs. 11567950
Answer: Option C
Solution (By JKSSB Mock Tests)
SI = (4059000 × 95 × 3)/100 = 11568150.

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Practice More Simple Interest Questions

Question #1
Simple interest on Rs. 4392000 for 2 years at 103% per annum is
A. Rs. 9047920
B. Rs. 9047720
C. Rs. 9047320
D. Rs. 9047520

Correct Answer: Option D


Explanation:
SI = (4392000 × 103 × 2)/100 = 9047520.

This question belongs to: Maths Simple Interest
Question #2
The principal that gives Rs. 176400 interest in 7 years at 8% SI is
A. Rs. 316000
B. Rs. 315000
C. Rs. 314000
D. Rs. 313000

Correct Answer: Option B


Explanation:
P = (176400 × 100)/(8 × 7) = 315000.

This question belongs to: Maths Simple Interest
Question #3
In how many years will Rs. 2826000 amount to Rs. 3956400 at 8% simple interest?
A. 7 years
B. 6 years
C. 5 years
D. 4 years

Correct Answer: Option C


Explanation:
SI = 1130400. T = (1130400 × 100)/(2826000 × 8) = 5 years.

This question belongs to: Maths Simple Interest