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

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

A. Rs. 485660

B. Rs. 485460

C. Rs. 485260

D. Rs. 485860

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (837000 × 29 × 2)/100 = 485460.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 18900 interest in 5 years at 6% SI is

A. Rs. 61000

B. Rs. 64000

C. Rs. 62000

D. Rs. 63000

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Correct Answer: Option D

Explanation:
P = (18900 × 100)/(6 × 5) = 63000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 1674000 for 3 years at 42% per annum is

A. Rs. 2113040

B. Rs. 2113240

C. Rs. 2112640

D. Rs. 2112840

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Correct Answer: Option D

Explanation:
SI = (1674000 × 42 × 3)/100 = 2112840.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 476000 at 15% to amount Rs. 666400

A. 4 years

B. 6 years

C. 5 years

D. 3 years

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Correct Answer: Option A

Explanation:
SI = 190400. T = (190400 * 100)/(476000 * 15) = 4 years.

This question belongs to: Maths Simple Interest

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