Simple interest on Rs. 594000 for 3 years at 18% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 594000 for 3 years at 18% per annum is

A. Rs. 320960

B. Rs. 321160

C. Rs. 320760

D. Rs. 320560

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (594000 × 18 × 3)/100 = 320760.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Rate when Rs. 175000 amounts to Rs. 227500 in 3 years

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 52500. R = (52500 * 100)/(175000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2133000 amounts to Rs. 2772900 in 3 years is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 639900. R = (639900 × 100)/(2133000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum becomes Rs. 11200 after 3 years and Rs. 12800 after 5 years at simple interest. The sum is

A. Rs. 8000

B. Rs. 8500

C. Rs. 7500

D. Rs. 9000

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Correct Answer: Option A

Explanation:
Difference for 2 years = 1600. SI for 1 year = 800. SI for 3 years = 2400. Principal = 11200 - 2400 = 8000.

This question belongs to: Maths Simple Interest

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