Simple interest on Rs. 70000 for 2 years at 11% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 70000 for 2 years at 11% per annum is

A. Rs. 15400

B. Rs. 15600

C. Rs. 15800

D. Rs. 15200

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (70000 × 11 × 2)/100 = 15400.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1422000 for 2 years at 39% per annum is

A. Rs. 1109360

B. Rs. 1109160

C. Rs. 1108960

D. Rs. 1109560

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Correct Answer: Option B

Explanation:
SI = (1422000 × 39 × 2)/100 = 1109160.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 774000 for 3 years at 22% per annum is

A. Rs. 510640

B. Rs. 511240

C. Rs. 510840

D. Rs. 511040

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Correct Answer: Option C

Explanation:
SI = (774000 × 22 × 3)/100 = 510840.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3771000 amount to Rs. 5279400 at 8% simple interest?

A. 4 years

B. 7 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 1508400. T = (1508400 × 100)/(3771000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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