Simple interest on Rs. 441000 for 2 years at 18% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 441000 for 2 years at 18% per annum is

A. Rs. 159160

B. Rs. 158560

C. Rs. 158960

D. Rs. 158760

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (441000 × 18 × 2)/100 = 158760.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 16500 for 4 years at 10%

A. Rs. 6600

B. Rs. 6800

C. Rs. 7000

D. Rs. 6400

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Correct Answer: Option A

Explanation:
SI = (16500 * 10 * 4)/100 = 6600.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 1503000 amounts to Rs. 1953900 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 450900. R = (450900 × 100)/(1503000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 224000 at 8% to amount Rs. 313600

A. 5 years

B. 4 years

C. 6 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 89600. T = (89600 * 100)/(224000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

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