Simple interest on Rs. 2304000 for 3 years at 56% per annum is MCQ with Answer and Explanation

Simple interest on Rs. 2304000 for 3 years at 56% per annum is

A. Rs. 3870920

B. Rs. 3871120

C. Rs. 3870720

D. Rs. 3870520

Answer: Option C

SI = (2304000 × 56 × 3)/100 = 3870720.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

In how many years will Rs. 216000 amount to Rs. 302400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

Correct Answer: Option C

Explanation:
SI = 86400. T = (86400 × 100)/(216000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 2691000 amount to Rs. 3767400 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

Correct Answer: Option C

Explanation:
SI = 1076400. T = (1076400 × 100)/(2691000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The rate at which Rs. 3528000 amounts to Rs. 4586400 in 3 years is

A. 8%

B. 10%

C. 12%

D. 9%

Correct Answer: Option B

Explanation:
SI = 1058400. R = (1058400 × 100)/(3528000 × 3) = 10%.

This question belongs to: Maths Simple Interest