Simple interest on Rs. 657000 for 2 years at 24% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 657000 for 2 years at 24% per annum is

A. Rs. 315760

B. Rs. 315360

C. Rs. 315560

D. Rs. 315160

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (657000 × 24 × 2)/100 = 315360.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 2259000 for 3 years at 55% per annum is

A. Rs. 3727150

B. Rs. 3727350

C. Rs. 3727750

D. Rs. 3727550

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Correct Answer: Option B

Explanation:
SI = (2259000 × 55 × 3)/100 = 3727350.

This question belongs to: Maths Simple Interest

Question #2

In how many years Rs. 22964 will amount to Rs. 34216 at 7% simple interest?

A. 6 years

B. 8 years

C. 9 years

D. 7 years

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Correct Answer: Option D

Explanation:
SI = 11252. T = (11252 * 100)/(22964 * 7) = 7 years.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 63000 amount to Rs. 88200 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 25200. T = (25200 × 100)/(63000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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