Simple interest on Rs. 900000 for 3 years at 28% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 900000 for 3 years at 28% per annum is

A. Rs. 755800

B. Rs. 756200

C. Rs. 756000

D. Rs. 756400

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (900000 × 28 × 3)/100 = 756000.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 882000 for 2 years at 27% per annum is

A. Rs. 476280

B. Rs. 476680

C. Rs. 476080

D. Rs. 476480

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Correct Answer: Option A

Explanation:
SI = (882000 × 27 × 2)/100 = 476280.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 1575000 amounts to Rs. 2205000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 630000. R = (630000 × 100)/(1575000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 1908000 amounts to Rs. 2480400 in 3 years is

A. 8%

B. 10%

C. 12%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 572400. R = (572400 × 100)/(1908000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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