Simple interest on Rs. 72000 for 3 years at 10% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 72000 for 3 years at 10% per annum is

A. Rs. 21800

B. Rs. 21400

C. Rs. 21600

D. Rs. 22000

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (72000 × 10 × 3)/100 = 21600.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 3420000 amounts to Rs. 4788000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 1368000. R = (1368000 × 100)/(3420000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 1701000 amount to Rs. 2381400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 680400. T = (680400 × 100)/(1701000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 621000 amount to Rs. 869400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 248400. T = (248400 × 100)/(621000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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