Simple interest on Rs. 837000 for 2 years at 29% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 837000 for 2 years at 29% per annum is

A. Rs. 485460

B. Rs. 485260

C. Rs. 485860

D. Rs. 485660

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (837000 × 29 × 2)/100 = 485460.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 28000 amounts to Rs. 36400 in 3 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 8400. R = (8400 × 100)/(28000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 81000 amounts to Rs. 113400 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 32400. R = (32400 × 100)/(81000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 2583000 amounts to Rs. 3357900 in 3 years is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 774900. R = (774900 × 100)/(2583000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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