Simple interest on Rs. 873000 for 2 years at 30% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 873000 for 2 years at 30% per annum is

A. Rs. 524200

B. Rs. 523800

C. Rs. 523600

D. Rs. 524000

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (873000 × 30 × 2)/100 = 523800.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The rate at which Rs. 3483000 amounts to Rs. 4527900 in 3 years is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 1044900. R = (1044900 × 100)/(3483000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 2601000 amount to Rs. 3641400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 1040400. T = (1040400 × 100)/(2601000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 288000 for 3 years at 11% per annum is

A. Rs. 95440

B. Rs. 95040

C. Rs. 95240

D. Rs. 94840

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Correct Answer: Option B

Explanation:
SI = (288000 × 11 × 3)/100 = 95040.

This question belongs to: Maths Simple Interest

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