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

Question

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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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Question #1

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A sum of Rs. 126000 amounts to Rs. 176400 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 50400. R = (50400 × 100)/(126000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

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

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 252000 amounts to Rs. 352800 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 100800. R = (100800 × 100)/(252000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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