Simple interest on Rs. 567000 for 2 years at 20% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 567000 for 2 years at 20% per annum is

A. Rs. 226800

B. Rs. 226600

C. Rs. 227000

D. Rs. 227200

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (567000 × 20 × 2)/100 = 226800.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 639000 for 3 years at 19% per annum is

A. Rs. 364430

B. Rs. 364630

C. Rs. 364230

D. Rs. 364030

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Correct Answer: Option C

Explanation:
SI = (639000 × 19 × 3)/100 = 364230.

This question belongs to: Maths Simple Interest

Question #2

Rate when Rs. 259000 amounts to Rs. 336700 in 3 years

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 77700. R = (77700 * 100)/(259000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3411000 amount to Rs. 4775400 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 = 1364400. T = (1364400 × 100)/(3411000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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