Simple interest on Rs. 864000 for 3 years at 24% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 864000 for 3 years at 24% per annum is

A. Rs. 622280

B. Rs. 622080

C. Rs. 621880

D. Rs. 622480

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (864000 × 24 × 3)/100 = 622080.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 248500 for 4 years at 8%

A. Rs. 79320

B. Rs. 79520

C. Rs. 79720

D. Rs. 79920

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Correct Answer: Option B

Explanation:
SI = (248500 * 8 * 4)/100 = 79520.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 4482000 for 2 years at 105% per annum is

A. Rs. 9409400

B. Rs. 9409600

C. Rs. 9409200

D. Rs. 9409000

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Correct Answer: Option C

Explanation:
SI = (4482000 × 105 × 2)/100 = 9409200.

This question belongs to: Maths Simple Interest

Question #3

Rate if Rs. 45000 gives Rs. 13500 SI in 5 years

A. 8%

B. 7%

C. 6%

D. 5%

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Correct Answer: Option C

Explanation:
R = (13500 * 100)/(45000 * 5) = 6%.

This question belongs to: Maths Simple Interest

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