Simple interest on Rs. 657000 for 2 years at 22% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 657000 for 2 years at 22% per annum is

A. Rs. 289280

B. Rs. 289080

C. Rs. 288880

D. Rs. 289480

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (657000 × 22 × 2)/100 = 289080.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 4311000 amount to Rs. 6035400 at 8% simple interest?

A. 6 years

B. 4 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 1724400. T = (1724400 × 100)/(4311000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 495000 amount to Rs. 693000 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 198000. T = (198000 × 100)/(495000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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The principal that gives Rs. 5832000 interest in 8 years at 26% SI is

A. Rs. 2798000

B. Rs. 2800000

C. Rs. 2799000

D. Rs. 2801000

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Correct Answer: Option B

Explanation:
P = (5832000 × 100)/(26 × 8) = 2800000.

This question belongs to: Maths Simple Interest

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