Simple interest on Rs. 702000 for 2 years at 23% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 702000 for 2 years at 23% per annum is

A. Rs. 322920

B. Rs. 323120

C. Rs. 322720

D. Rs. 323320

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (702000 × 23 × 2)/100 = 322920.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 2160000 amounts to Rs. 3024000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 864000. R = (864000 × 100)/(2160000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 4050000 amounts to Rs. 5670000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1620000. R = (1620000 × 100)/(4050000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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A sum at 9% SI for 5 years amounts to Rs. 126000. Principal

A. Rs. 82000

B. Rs. 85000

C. Rs. 84000

D. Rs. 83000

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Correct Answer: Option C

Explanation:
SI = 42000. P = 126000 - 42000 = 84000.

This question belongs to: Maths Simple Interest

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