Simple interest on Rs. 4239000 for 3 years at 99% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 4239000 for 3 years at 99% per annum is

A. Rs. 12596330

B. Rs. 12595930

C. Rs. 12596530

D. Rs. 12596130

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (4239000 × 99 × 3)/100 = 12596130.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 4000 amount to Rs. 5200 at 6% simple interest?

A. 6 years

B. 4 years

C. 3 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1200. T = (1200 × 100)/(4000 × 6) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 38500 for 5 years at 8%

A. Rs. 15200

B. Rs. 15400

C. Rs. 15600

D. Rs. 15800

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Correct Answer: Option B

Explanation:
SI = (38500 * 8 * 5)/100 = 15400.

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 2565000 amounts to Rs. 3591000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1026000. R = (1026000 × 100)/(2565000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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