Simple interest on Rs. 2574000 for 3 years at 62% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 2574000 for 3 years at 62% per annum is

A. Rs. 4787640

B. Rs. 4788040

C. Rs. 4787440

D. Rs. 4787840

Answer: Option A

Solution (By JKExamLibrary)

SI = (2574000 × 62 × 3)/100 = 4787640.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 2601000 amount to Rs. 3641400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 1040400. T = (1040400 × 100)/(2601000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 3816000 amount to Rs. 5342400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 1526400. T = (1526400 × 100)/(3816000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 3798000 amounts to Rs. 4937400 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 1139400. R = (1139400 × 100)/(3798000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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