Simple interest on Rs. 207000 for 2 years at 12% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 207000 for 2 years at 12% per annum is

A. Rs. 49880

B. Rs. 49480

C. Rs. 49680

D. Rs. 50080

Answer: Option C

Solution (By JKExamLibrary)

SI = (207000 × 12 × 2)/100 = 49680.

This question belongs to: Maths Simple Interest

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Question #1

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The principal that gives Rs. 21202 interest in 7 years at 8% SI is

A. Rs. 38662

B. Rs. 37862

C. Rs. 36862

D. Rs. 37362

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Correct Answer: Option B

Explanation:
P = (21202 * 100)/(8 * 7) = 37862.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 3573000 amounts to Rs. 4644900 in 3 years is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 1071900. R = (1071900 × 100)/(3573000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 3483000 amounts to Rs. 4527900 in 3 years is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1044900. R = (1044900 × 100)/(3483000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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