Simple interest on Rs. 96000 for 3 years at 5% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 96000 for 3 years at 5% per annum is

A. Rs. 14800

B. Rs. 14400

C. Rs. 14200

D. Rs. 14600

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (96000 × 5 × 3)/100 = 14400.

This question belongs to: Maths Simple Interest

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Question #1

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Simple interest on Rs. 2457000 for 2 years at 62% per annum is

A. Rs. 3046880

B. Rs. 3047080

C. Rs. 3046480

D. Rs. 3046680

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Correct Answer: Option D

Explanation:
SI = (2457000 × 62 × 2)/100 = 3046680.

This question belongs to: Maths Simple Interest

Question #2

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Principal for Rs. 537600 interest in 7 years at 12%

A. Rs. 638000

B. Rs. 639000

C. Rs. 640000

D. Rs. 641000

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Correct Answer: Option C

Explanation:
P = (537600 * 100)/(12 * 7) = 640000.

This question belongs to: Maths Simple Interest

Question #3

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The principal that gives Rs. 7516800 interest in 9 years at 24% SI is

A. Rs. 3480000

B. Rs. 3479000

C. Rs. 3478000

D. Rs. 3481000

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Correct Answer: Option A

Explanation:
P = (7516800 × 100)/(24 × 9) = 3480000.

This question belongs to: Maths Simple Interest

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