Simple interest on Rs. 55000 for 3 years at 8% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 55000 for 3 years at 8% per annum is

A. Rs. 13200

B. Rs. 13400

C. Rs. 13000

D. Rs. 13600

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (55000 × 8 × 3)/100 = 13200.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

SI on Rs. 199500 for 5 years at 5%

A. Rs. 49675

B. Rs. 49875

C. Rs. 50275

D. Rs. 50075

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Correct Answer: Option B

Explanation:
SI = (199500 * 5 * 5)/100 = 49875.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 4284000 for 3 years at 100% per annum is

A. Rs. 12852200

B. Rs. 12852400

C. Rs. 12852000

D. Rs. 12851800

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Correct Answer: Option C

Explanation:
SI = (4284000 × 100 × 3)/100 = 12852000.

This question belongs to: Maths Simple Interest

Question #3

SI on Rs. 15000 for 5 years at 7% is

A. Rs. 5250

B. Rs. 5050

C. Rs. 5650

D. Rs. 5450

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Correct Answer: Option A

Explanation:
SI = (15000 * 7 * 5)/100 = 5250.

This question belongs to: Maths Simple Interest

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