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

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

A. Rs. 358360

B. Rs. 358760

C. Rs. 358960

D. Rs. 358560

Answer: Option D

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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The principal that gives Rs. 18144000 interest in 8 years at 48% SI is

A. Rs. 4724000

B. Rs. 4723000

C. Rs. 4725000

D. Rs. 4726000

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Correct Answer: Option C

Explanation:
P = (18144000 × 100)/(48 × 8) = 4725000.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 927000 amount to Rs. 1297800 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 370800. T = (370800 × 100)/(927000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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The principal that gives Rs. 176400 interest in 7 years at 9% SI is

A. Rs. 281000

B. Rs. 279000

C. Rs. 280000

D. Rs. 278000

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Correct Answer: Option C

Explanation:
P = (176400 × 100)/(9 × 7) = 280000.

This question belongs to: Maths Simple Interest

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