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

Question

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

A. Rs. 321160

B. Rs. 320560

C. Rs. 320960

D. Rs. 320760

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (594000 × 18 × 3)/100 = 320760.

This question belongs to: Maths Simple Interest

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Question #1

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The rate at which Rs. 3123000 amounts to Rs. 4060000 approx in 3 years is adjusted to exact 10%

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 937000 approx, R = 10%.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 6710400 interest in 8 years at 28% SI is

A. Rs. 3000000

B. Rs. 2998000

C. Rs. 2999000

D. Rs. 3001000

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Correct Answer: Option A

Explanation:
P = (6710400 × 100)/(28 × 8) = 3000000.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 126000 amounts to Rs. 163800 in 3 years is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 37800. R = (37800 × 100)/(126000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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