Simple interest on Rs. 2547000 for 2 years at 64% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 2547000 for 2 years at 64% per annum is

A. Rs. 3258720

B. Rs. 3258920

C. Rs. 3259120

D. Rs. 3258520

Answer: Option A

Solution (By JKExamLibrary)

SI = (2547000 × 64 × 2)/100 = 3258720.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Principal for Rs. 134400 interest in 8 years at 12%

A. Rs. 139000

B. Rs. 141000

C. Rs. 140000

D. Rs. 138000

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Correct Answer: Option C

Explanation:
P = (134400 * 100)/(12 * 8) = 140000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 1737000 for 2 years at 46% per annum is

A. Rs. 1597840

B. Rs. 1598040

C. Rs. 1598440

D. Rs. 1598240

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Correct Answer: Option B

Explanation:
SI = (1737000 × 46 × 2)/100 = 1598040.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2340000 amounts to Rs. 3276000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 936000. R = (936000 × 100)/(2340000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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