Simple interest on Rs. 612000 for 3 years at 20% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 612000 for 3 years at 20% per annum is

A. Rs. 367400

B. Rs. 367600

C. Rs. 367200

D. Rs. 367000

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (612000 × 20 × 3)/100 = 367200.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Years for Rs. 84000 at 7% to give Rs. 35280 interest

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option A

Explanation:
T = (35280 * 100)/(84000 * 7) = 6 years.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 428400 interest in 9 years at 11% SI is

A. Rs. 431000

B. Rs. 433000

C. Rs. 430000

D. Rs. 432000

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Correct Answer: Option D

Explanation:
P = (428400 × 100)/(11 × 9) = 432000.

This question belongs to: Maths Simple Interest

Question #3

Years for Rs. 350000 at 9% to give Rs. 189000 interest

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option A

Explanation:
T = (189000 * 100)/(350000 * 9) = 6 years.

This question belongs to: Maths Simple Interest

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