Simple interest on Rs. 2124000 for 3 years at 52% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 2124000 for 3 years at 52% per annum is

A. Rs. 3313240

B. Rs. 3313640

C. Rs. 3313440

D. Rs. 3313840

Answer: Option C

Solution (By JKExamLibrary)

SI = (2124000 × 52 × 3)/100 = 3313440.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 2556000 amount to Rs. 3578400 at 8% simple interest?

A. 4 years

B. 7 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 1022400. T = (1022400 × 100)/(2556000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 2116800 interest in 9 years at 16% SI is

A. Rs. 1468000

B. Rs. 1469000

C. Rs. 1470000

D. Rs. 1471000

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Correct Answer: Option C

Explanation:
P = (2116800 × 100)/(16 × 9) = 1470000.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 1746000 amount to Rs. 2444400 at 8% simple interest?

A. 4 years

B. 7 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 698400. T = (698400 × 100)/(1746000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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