Simple interest on Rs. 909000 for 2 years at 31% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 909000 for 2 years at 31% per annum is

A. Rs. 563380

B. Rs. 563580

C. Rs. 563980

D. Rs. 563780

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (909000 × 31 × 2)/100 = 563580.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 855000 amount to Rs. 1197000 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 342000. T = (342000 × 100)/(855000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 3996000 amount to Rs. 5594400 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 1598400. T = (1598400 × 100)/(3996000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 2988000 amounts to Rs. 3884400 in 3 years is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 896400. R = (896400 × 100)/(2988000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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