Simple interest on Rs. 2412000 for 2 years at 61% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 2412000 for 2 years at 61% per annum is

A. Rs. 2942840

B. Rs. 2943040

C. Rs. 2942440

D. Rs. 2942640

Answer: Option D

Solution (By JKExamLibrary)

SI = (2412000 × 61 × 2)/100 = 2942640.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The rate at which Rs. 603000 amounts to Rs. 783900 in 3 years is

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 180900. R = (180900 × 100)/(603000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 1224000 for 3 years at 32% per annum is

A. Rs. 1175040

B. Rs. 1174840

C. Rs. 1175440

D. Rs. 1175240

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Correct Answer: Option A

Explanation:
SI = (1224000 × 32 × 3)/100 = 1175040.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 28000 amounts to Rs. 39200 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 11200. R = (11200 × 100)/(28000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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