Simple interest on Rs. 1674000 for 3 years at 42% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 1674000 for 3 years at 42% per annum is

A. Rs. 2113040

B. Rs. 2112640

C. Rs. 2112840

D. Rs. 2113240

Answer: Option C

Solution (By JKExamLibrary)

SI = (1674000 × 42 × 3)/100 = 2112840.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 4581000 amount to Rs. 6413400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1832400. T = (1832400 × 100)/(4581000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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

A. Rs. 1175040

B. Rs. 1175240

C. Rs. 1175440

D. Rs. 1174840

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Correct Answer: Option A

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

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 2871000 amount to Rs. 4019400 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 1148400. T = (1148400 × 100)/(2871000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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