Simple interest on Rs. 648000 for 3 years at 21% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 648000 for 3 years at 21% per annum is

A. Rs. 408640

B. Rs. 408040

C. Rs. 408240

D. Rs. 408440

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (648000 × 21 × 3)/100 = 408240.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 54000 amounts to Rs. 75600 in 5 years at simple interest. The rate is

A. 6%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option D

Explanation:
SI = 21600. R = (21600 × 100)/(54000 × 5) = 8%.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 21202 interest in 7 years at 8% SI is

A. Rs. 36862

B. Rs. 37362

C. Rs. 38662

D. Rs. 37862

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Correct Answer: Option D

Explanation:
P = (21202 * 100)/(8 * 7) = 37862.

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 28000 amounts to Rs. 36400 in 3 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 8400. R = (8400 × 100)/(28000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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