Simple interest on Rs. 234000 for 3 years at 10% per annum is MCQ with Answer and Explanation

Simple interest on Rs. 234000 for 3 years at 10% per annum is

A. Rs. 70000

B. Rs. 70600

C. Rs. 70200

D. Rs. 70400

Answer: Option C

SI = (234000 × 10 × 3)/100 = 70200.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

A sum becomes Rs. 13500 in 3 years at 5% SI per annum. The principal is

A. Rs. 9000

B. Rs. 12000

C. Rs. 10000

D. Rs. 11000

Correct Answer: Option B

Explanation:
Interest = 13500 - P. SI = (P × 5 × 3)/100 = 13500 - P. Solving gives P = 12000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The rate at which Rs. 1953000 amounts to Rs. 2538900 in 3 years is

A. 12%

B. 8%

C. 9%

D. 10%

Correct Answer: Option D

Explanation:
SI = 585900. R = (585900 × 100)/(1953000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The principal giving Rs. 44100 SI in 7 years at 9%

A. Rs. 71000

B. Rs. 68000

C. Rs. 70000

D. Rs. 69000

Correct Answer: Option C

Explanation:
P = (44100 * 100)/(9 * 7) = 70000.

This question belongs to: Maths Simple Interest