Simple interest on Rs. 1989000 for 3 years at 49% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 1989000 for 3 years at 49% per annum is

A. Rs. 2924830

B. Rs. 2924430

C. Rs. 2924630

D. Rs. 2924230

Answer: Option B

Solution (By JKExamLibrary)

SI = (1989000 × 49 × 3)/100 = 2924430.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 4635000 amounts to Rs. 6489000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1854000. R = (1854000 × 100)/(4635000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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Years for Rs. 350000 at 9% to give Rs. 189000 interest

A. 4 years

B. 7 years

C. 6 years

D. 5 years

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Correct Answer: Option C

Explanation:
T = (189000 * 100)/(350000 * 9) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 4266000 amount to Rs. 5972400 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 1706400. T = (1706400 × 100)/(4266000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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