Simple interest on Rs. 4437000 for 2 years at 104% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 4437000 for 2 years at 104% per annum is

A. Rs. 9229160

B. Rs. 9228960

C. Rs. 9228760

D. Rs. 9229360

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (4437000 × 104 × 2)/100 = 9228960.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 639000 amount to Rs. 894600 at 8% simple interest?

A. 6 years

B. 4 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 255600. T = (255600 × 100)/(639000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 1053000 amounts to Rs. 1368900 in 3 years is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 315900. R = (315900 × 100)/(1053000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 94500 for 2 years at 13%

A. Rs. 24570

B. Rs. 24370

C. Rs. 24770

D. Rs. 24970

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Correct Answer: Option A

Explanation:
SI = (94500 * 13 * 2)/100 = 24570.

This question belongs to: Maths Simple Interest

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