Simple interest on Rs. 468000 for 3 years at 16% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 468000 for 3 years at 16% per annum is

A. Rs. 225040

B. Rs. 224640

C. Rs. 224840

D. Rs. 224440

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (468000 × 16 × 3)/100 = 224640.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 972000 for 3 years at 30% per annum is

A. Rs. 874800

B. Rs. 875200

C. Rs. 875000

D. Rs. 874600

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Correct Answer: Option A

Explanation:
SI = (972000 × 30 × 3)/100 = 874800.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 1251000 amount to Rs. 1751400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 500400. T = (500400 × 100)/(1251000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

A sum amounts to Rs. 172200 in 6 years at 7% SI. Principal

A. Rs. 126000

B. Rs. 127000

C. Rs. 124000

D. Rs. 125000

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Correct Answer: Option A

Explanation:
SI = 46200. P = 172200 - 46200 = 126000.

This question belongs to: Maths Simple Interest

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