Simple interest on Rs. 1944000 for 3 years at 48% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 1944000 for 3 years at 48% per annum is

A. Rs. 2799360

B. Rs. 2799760

C. Rs. 2799160

D. Rs. 2799560

Answer: Option A

Solution (By JKExamLibrary)

SI = (1944000 × 48 × 3)/100 = 2799360.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 3528000 interest in 9 years at 18% SI is

A. Rs. 2178778

B. Rs. 2175778

C. Rs. 2176778

D. Rs. 2177778

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Correct Answer: Option D

Explanation:
P = (3528000 × 100)/(18 × 9) = 2177778 approx adjusted.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 220500 for 2 years at 17%

A. Rs. 74970

B. Rs. 75370

C. Rs. 74770

D. Rs. 75170

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Correct Answer: Option A

Explanation:
SI = (220500 * 17 * 2)/100 = 74970.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 2313000 amounts to Rs. 3006900 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 693900. R = (693900 × 100)/(2313000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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