Simple interest on Rs. 756000 for 3 years at 24% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 756000 for 3 years at 24% per annum is

A. Rs. 544520

B. Rs. 544720

C. Rs. 544320

D. Rs. 544120

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (756000 × 24 × 3)/100 = 544320.

This question belongs to: Maths Simple Interest

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Question #1

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The principal that gives Rs. 12693600 interest in 9 years at 33% SI is

A. Rs. 4280000

B. Rs. 4278000

C. Rs. 4281000

D. Rs. 4279000

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Correct Answer: Option A

Explanation:
P = (12693600 × 100)/(33 × 9) = 4280000.

This question belongs to: Maths Simple Interest

Question #2

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Rate for Rs. 70000 to Rs. 91000 in 3 years SI

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 21000. R = (21000 * 100)/(70000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 3006000 amount to Rs. 4208400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1202400. T = (1202400 × 100)/(3006000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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