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

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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. 563780

D. Rs. 563980

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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Practice More Simple Interest Questions

Question #1

The rate at which Rs. 2943000 amounts to Rs. 3825900 in 3 years is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 882900. R = (882900 × 100)/(2943000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 612000 for 2 years at 21% per annum is

A. Rs. 257440

B. Rs. 257040

C. Rs. 257240

D. Rs. 256840

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Correct Answer: Option B

Explanation:
SI = (612000 × 21 × 2)/100 = 257040.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 150500 for 4 years at 6%

A. Rs. 36520

B. Rs. 36320

C. Rs. 36120

D. Rs. 35920

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Correct Answer: Option C

Explanation:
SI = (150500 * 6 * 4)/100 = 36120.

This question belongs to: Maths Simple Interest

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