Simple interest on Rs. 2052000 for 2 years at 53% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 2052000 for 2 years at 53% per annum is

A. Rs. 2175520

B. Rs. 2174920

C. Rs. 2175120

D. Rs. 2175320

Answer: Option C

Solution (By JKExamLibrary)

SI = (2052000 × 53 × 2)/100 = 2175120.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 122500 for 2 years at 13%

A. Rs. 32050

B. Rs. 31650

C. Rs. 32250

D. Rs. 31850

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Correct Answer: Option D

Explanation:
SI = (122500 * 13 * 2)/100 = 31850.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 99000 amount to Rs. 138600 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 39600. T = (39600 × 100)/(99000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 1233000 amounts to Rs. 1602900 in 3 years is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 369900. R = (369900 × 100)/(1233000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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