Simple interest on Rs. 621000 for 2 years at 23% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 621000 for 2 years at 23% per annum is

A. Rs. 285460

B. Rs. 285660

C. Rs. 286060

D. Rs. 285860

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (621000 × 23 × 2)/100 = 285660.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

A sum amounts to Rs. 147840 in 5 years at 9% SI. Principal

A. Rs. 113000

B. Rs. 110000

C. Rs. 112000

D. Rs. 111000

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Correct Answer: Option C

Explanation:
SI = 35840. P = 147840 - 35840 = 112000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 15000 for 4 years at 8% is

A. Rs. 4800

B. Rs. 5000

C. Rs. 5200

D. Rs. 4600

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Correct Answer: Option A

Explanation:
SI = (15000 × 8 × 4)/100 = 4800.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 1548000 amounts to Rs. 2012400 in 3 years is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 464400. R = (464400 × 100)/(1548000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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