Simple interest on Rs. 4212000 for 2 years at 99% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 4212000 for 2 years at 99% per annum is

A. Rs. 8346160

B. Rs. 8345760

C. Rs. 8345960

D. Rs. 8345560

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (4212000 × 99 × 2)/100 = 8345760.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Time for Rs. 196000 at 7% to amount Rs. 274400

A. 5 years

B. 6 years

C. 7 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 78400. T = (78400 * 100)/(196000 * 7) = 6 years.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 3213000 amounts to Rs. 4176900 in 3 years is

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 963900. R = (963900 × 100)/(3213000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 963000 amount to Rs. 1348200 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 385200. T = (385200 × 100)/(963000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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