Simple interest on Rs. 513000 for 2 years at 20% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 513000 for 2 years at 20% per annum is

A. Rs. 205000

B. Rs. 205600

C. Rs. 205400

D. Rs. 205200

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (513000 × 20 × 2)/100 = 205200.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Principal that amounts to Rs. 23400 in 4 years at 5% SI is

A. Rs. 19500

B. Rs. 18500

C. Rs. 20500

D. Rs. 17500

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Correct Answer: Option A

Explanation:
SI = 3900. P = 23400 - 3900 = 19500.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 27500 for 2 years at 11% per annum is

A. Rs. 6250

B. Rs. 5850

C. Rs. 6050

D. Rs. 6450

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Correct Answer: Option C

Explanation:
SI = (27500 * 11 * 2)/100 = 6050.

This question belongs to: Maths Simple Interest

Question #3

Simple interest for Rs. 32000 at 4% for 6 years is

A. Rs. 7680

B. Rs. 7480

C. Rs. 7880

D. Rs. 8080

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Correct Answer: Option A

Explanation:
SI = (32000 * 4 * 6)/100 = 7680.

This question belongs to: Maths Simple Interest

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