Simple interest on Rs. 1224000 for 3 years at 32% per annum is MCQ with Answer and Explanation

Simple interest on Rs. 1224000 for 3 years at 32% per annum is

A. Rs. 1175040

B. Rs. 1174840

C. Rs. 1175240

D. Rs. 1175440

Answer: Option A

SI = (1224000 × 32 × 3)/100 = 1175040.

This question belongs to: Maths Simple Interest

No comments yet. Be the first to start the discussion!

Question #1 Report Error

A sum of Rs. 3960000 amounts to Rs. 5544000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

Correct Answer: Option B

Explanation:
SI = 1584000. R = (1584000 × 100)/(3960000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 1584000 for 3 years at 40% per annum is

A. Rs. 1900600

B. Rs. 1900800

C. Rs. 1901000

D. Rs. 1901200

Correct Answer: Option B

Explanation:
SI = (1584000 × 40 × 3)/100 = 1900800.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The rate at which Rs. 2448000 amounts to Rs. 3182400 in 3 years is

A. 10%

B. 12%

C. 9%

D. 8%

Correct Answer: Option A

Explanation:
SI = 734400. R = (734400 × 100)/(2448000 × 3) = 10%.

This question belongs to: Maths Simple Interest