Simple interest on Rs. 225000 for 2 years at 12% per annum is MCQ with Answer and Explanation

Simple interest on Rs. 225000 for 2 years at 12% per annum is

A. Rs. 54000

B. Rs. 54400

C. Rs. 53800

D. Rs. 54200

Answer: Option A

SI = (225000 × 12 × 2)/100 = 54000.

This question belongs to: Maths Simple Interest

No comments yet. Be the first to start the discussion!

Question #1 Report Error

In how many years will Rs. 2061000 amount to Rs. 2885400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

Correct Answer: Option B

Explanation:
SI = 824400. T = (824400 × 100)/(2061000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 2466000 amount to Rs. 3452400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

Correct Answer: Option A

Explanation:
SI = 986400. T = (986400 × 100)/(2466000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 4194000 for 3 years at 98% per annum is

A. Rs. 12328760

B. Rs. 12328960

C. Rs. 12328560

D. Rs. 12328360

Correct Answer: Option C

Explanation:
SI = (4194000 × 98 × 3)/100 = 12328560.

This question belongs to: Maths Simple Interest