Simple interest on Rs. 774000 for 3 years at 22% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 774000 for 3 years at 22% per annum is

A. Rs. 511040

B. Rs. 510840

C. Rs. 510640

D. Rs. 511240

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (774000 × 22 × 3)/100 = 510840.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 1251000 amount to Rs. 1751400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 500400. T = (500400 × 100)/(1251000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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

A. Rs. 544720

B. Rs. 544520

C. Rs. 544120

D. Rs. 544320

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Correct Answer: Option D

Explanation:
SI = (756000 × 24 × 3)/100 = 544320.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 513000 amounts to Rs. 666900 in 3 years is

A. 8%

B. 10%

C. 12%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 153900. R = (153900 × 100)/(513000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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