Simple interest on Rs. 972000 for 2 years at 29% per annum is MCQ with Answer and Explanation

Question
Simple interest on Rs. 972000 for 2 years at 29% per annum is
A. Rs. 563960
B. Rs. 563560
C. Rs. 564160
D. Rs. 563760
Answer: Option D
Solution (By JKSSB Mock Tests)
SI = (972000 × 29 × 2)/100 = 563760.
This question belongs to: Maths Simple Interest
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Practice More Simple Interest Questions

Question #1
The principal that gives Rs. 3175200 interest in 9 years at 17% SI is
A. Rs. 2074000
B. Rs. 2076000
C. Rs. 2075000
D. Rs. 2077000
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Correct Answer: Option B

Explanation:
P = (3175200 × 100)/(17 × 9) = 2076000.
This question belongs to: Maths Simple Interest
Question #2
Rate when Rs. 203000 amounts to Rs. 263900 in 3 years
A. 9%
B. 8%
C. 10%
D. 12%
Discuss
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Correct Answer: Option C

Explanation:
SI = 60900. R = (60900 * 100)/(203000 * 3) = 10%.
This question belongs to: Maths Simple Interest
Question #3
A sum of Rs. 54000 amounts to Rs. 75600 in 5 years at simple interest. The rate is
A. 6%
B. 10%
C. 8%
D. 9%
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Correct Answer: Option C

Explanation:
SI = 21600. R = (21600 × 100)/(54000 × 5) = 8%.
This question belongs to: Maths Simple Interest
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