Simple interest on Rs. 720000 for 3 years at 23% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 720000 for 3 years at 23% per annum is

A. Rs. 497200

B. Rs. 497000

C. Rs. 496600

D. Rs. 496800

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (720000 × 23 × 3)/100 = 496800.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 1035000 amounts to Rs. 1449000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 12%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 414000. R = (414000 × 100)/(1035000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 1413000 amounts to Rs. 1836900 in 3 years is

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 423900. R = (423900 × 100)/(1413000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 3312000 for 2 years at 81% per annum is

A. Rs. 5365440

B. Rs. 5365240

C. Rs. 5365840

D. Rs. 5365640

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Correct Answer: Option A

Explanation:
SI = (3312000 × 81 × 2)/100 = 5365440.

This question belongs to: Maths Simple Interest

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