Simple interest on Rs. 1557000 for 2 years at 42% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 1557000 for 2 years at 42% per annum is

A. Rs. 1307680

B. Rs. 1308280

C. Rs. 1307880

D. Rs. 1308080

Answer: Option C

Solution (By JKExamLibrary)

SI = (1557000 × 42 × 2)/100 = 1307880.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 3834000 for 3 years at 90% per annum is

A. Rs. 10351800

B. Rs. 10351600

C. Rs. 10352000

D. Rs. 10352200

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Correct Answer: Option A

Explanation:
SI = (3834000 × 90 × 3)/100 = 10351800.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 3825000 amounts to Rs. 5355000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1530000. R = (1530000 × 100)/(3825000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2367000 for 2 years at 60% per annum is

A. Rs. 2840200

B. Rs. 2840400

C. Rs. 2840600

D. Rs. 2840800

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Correct Answer: Option B

Explanation:
SI = (2367000 × 60 × 2)/100 = 2840400.

This question belongs to: Maths Simple Interest

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