Simple interest on Rs. 206500 for 3 years at 16% MCQ with Answer and Explanation

Simple interest on Rs. 206500 for 3 years at 16%

A. Rs. 98840

B. Rs. 99240

C. Rs. 99440

D. Rs. 99040

Answer: Option D

SI = (206500 * 16 * 3)/100 = 99040.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

Simple interest on Rs. 2079000 for 3 years at 51% per annum is

A. Rs. 3180670

B. Rs. 3180870

C. Rs. 3181070

D. Rs. 3181270

Correct Answer: Option B

Explanation:
SI = (2079000 × 51 × 3)/100 = 3180870.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 4446000 amount to Rs. 6224400 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

Correct Answer: Option A

Explanation:
SI = 1778400. T = (1778400 × 100)/(4446000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Years for Rs. 182000 at 8% to give Rs. 87360 interest

A. 7 years

B. 4 years

C. 5 years

D. 6 years

Correct Answer: Option D

Explanation:
T = (87360 * 100)/(182000 * 8) = 6 years.

This question belongs to: Maths Simple Interest