Simple interest on Rs. 65000 for 2 years at 12% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 65000 for 2 years at 12% per annum is

A. Rs. 15800

B. Rs. 15600

C. Rs. 16000

D. Rs. 15400

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (65000 × 12 × 2)/100 = 15600.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal on which SI for 5 years at 7% is Rs. 12250 is

A. Rs. 34000

B. Rs. 36000

C. Rs. 33000

D. Rs. 35000

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Correct Answer: Option D

Explanation:
P = (12250 * 100)/(7 * 5) = 35000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 3339000 for 3 years at 79% per annum is

A. Rs. 7915930

B. Rs. 7915730

C. Rs. 7915330

D. Rs. 7915530

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Correct Answer: Option D

Explanation:
SI = (3339000 × 79 × 3)/100 = 7915530.

This question belongs to: Maths Simple Interest

Question #3

SI on Rs. 199500 for 5 years at 5%

A. Rs. 50075

B. Rs. 50275

C. Rs. 49875

D. Rs. 49675

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Correct Answer: Option C

Explanation:
SI = (199500 * 5 * 5)/100 = 49875.

This question belongs to: Maths Simple Interest

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