Simple interest on Rs. 2097000 for 2 years at 54% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 2097000 for 2 years at 54% per annum is

A. Rs. 2265160

B. Rs. 2264560

C. Rs. 2264760

D. Rs. 2264960

Answer: Option C

Solution (By JKExamLibrary)

SI = (2097000 × 54 × 2)/100 = 2264760.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

SI on Rs. 101500 for 5 years at 5%

A. Rs. 25175

B. Rs. 25775

C. Rs. 25575

D. Rs. 25375

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Correct Answer: Option D

Explanation:
SI = (101500 * 5 * 5)/100 = 25375.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 108000 amounts to Rs. 151200 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 43200. R = (43200 × 100)/(108000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 900000 for 3 years at 28% per annum is

A. Rs. 755800

B. Rs. 756000

C. Rs. 756400

D. Rs. 756200

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Correct Answer: Option B

Explanation:
SI = (900000 × 28 × 3)/100 = 756000.

This question belongs to: Maths Simple Interest

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