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. 158960

B. Rs. 159160

C. Rs. 158560

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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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 70000 for 2 years at 11% per annum is

A. Rs. 15800

B. Rs. 15600

C. Rs. 15400

D. Rs. 15200

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Correct Answer: Option C

Explanation:
SI = (70000 × 11 × 2)/100 = 15400.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 1935000 amounts to Rs. 2709000 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 = 774000. R = (774000 × 100)/(1935000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3186000 amount to Rs. 4460400 at 8% simple interest?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 1274400. T = (1274400 × 100)/(3186000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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