Simple interest on Rs. 90000 for 3 years at 7% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 90000 for 3 years at 7% per annum is

A. Rs. 18900

B. Rs. 18700

C. Rs. 19300

D. Rs. 19100

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (90000 × 7 × 3)/100 = 18900.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 3501000 amount to Rs. 4901400 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 1400400. T = (1400400 × 100)/(3501000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 117000 for 2 years at 9% per annum is

A. Rs. 21260

B. Rs. 21460

C. Rs. 20860

D. Rs. 21060

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Correct Answer: Option D

Explanation:
SI = (117000 × 9 × 2)/100 = 21060.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 4374000 for 3 years at 102% per annum is

A. Rs. 13389480

B. Rs. 13389680

C. Rs. 13389280

D. Rs. 13389880

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Correct Answer: Option A

Explanation:
SI = (4374000 × 102 × 3)/100 = 13389480.

This question belongs to: Maths Simple Interest

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