Simple interest on Rs. 2439000 for 3 years at 59% per annum is MCQ with Answer and Explanation

Simple interest on Rs. 2439000 for 3 years at 59% per annum is

A. Rs. 4314330

B. Rs. 4314130

C. Rs. 4314730

D. Rs. 4314530

Answer: Option A

SI = (2439000 × 59 × 3)/100 = 4314330.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

In how many years will Rs. 711000 amount to Rs. 995400 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

Correct Answer: Option A

Explanation:
SI = 284400. T = (284400 × 100)/(711000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum of Rs. 90000 amounts to Rs. 126000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 12%

D. 10%

Correct Answer: Option D

Explanation:
SI = 36000. R = (36000 × 100)/(90000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum of Rs. 2700000 amounts to Rs. 3780000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

Correct Answer: Option B

Explanation:
SI = 1080000. R = (1080000 × 100)/(2700000 × 4) = 10%.

This question belongs to: Maths Simple Interest