Simple interest on Rs. 414000 for 3 years at 14% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 414000 for 3 years at 14% per annum is

A. Rs. 173880

B. Rs. 174280

C. Rs. 173680

D. Rs. 174080

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (414000 × 14 × 3)/100 = 173880.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 621000 amount to Rs. 869400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 248400. T = (248400 × 100)/(621000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 10627200 interest in 8 years at 35% SI is

A. Rs. 3798000

B. Rs. 3801000

C. Rs. 3799000

D. Rs. 3800000

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Correct Answer: Option D

Explanation:
P = (10627200 × 100)/(35 × 8) = 3800000.

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 2025000 amounts to Rs. 2835000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 810000. R = (810000 × 100)/(2025000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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