Simple interest on Rs. 747000 for 2 years at 24% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 747000 for 2 years at 24% per annum is

A. Rs. 358960

B. Rs. 358760

C. Rs. 358560

D. Rs. 358360

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (747000 × 24 × 2)/100 = 358560.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 1431000 amount to Rs. 2003400 at 8% simple interest?

A. 7 years

B. 4 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 572400. T = (572400 × 100)/(1431000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 81000 amount to Rs. 113400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 32400. T = (32400 × 100)/(81000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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The principal that gives Rs. 113400 interest in 9 years at 7% SI is

A. Rs. 179000

B. Rs. 180000

C. Rs. 181000

D. Rs. 178000

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Correct Answer: Option B

Explanation:
P = (113400 × 100)/(7 × 9) = 180000.

This question belongs to: Maths Simple Interest

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