Simple interest on Rs. 4599000 for 3 years at 107% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 4599000 for 3 years at 107% per annum is

A. Rs. 14767910

B. Rs. 14767710

C. Rs. 14768110

D. Rs. 14767510

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (4599000 × 107 × 3)/100 = 14767710.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 19135 amounts to Rs. 28702 in 10 years at simple interest. Rate is

A. 4%

B. 8%

C. 7%

D. 5%

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Correct Answer: Option D

Explanation:
SI = 9567. R = (9567 * 100)/(19135 * 10) = 5%.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 2457000 for 2 years at 62% per annum is

A. Rs. 3046480

B. Rs. 3046880

C. Rs. 3046680

D. Rs. 3047080

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Correct Answer: Option C

Explanation:
SI = (2457000 × 62 × 2)/100 = 3046680.

This question belongs to: Maths Simple Interest

Question #3

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

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option A

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

This question belongs to: Maths Simple Interest

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