Simple interest on Rs. 2844000 for 3 years at 68% per annum is MCQ with Answer and Explanation

Question Report Error

Simple interest on Rs. 2844000 for 3 years at 68% per annum is

A. Rs. 5801760

B. Rs. 5802160

C. Rs. 5801560

D. Rs. 5801960

Answer: Option A

Solution (By JKExamLibrary)

SI = (2844000 × 68 × 3)/100 = 5801760.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

The rate at which Rs. 738000 amounts to Rs. 959400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 221400. R = (221400 × 100)/(738000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum of Rs. 1215000 amounts to Rs. 1701000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 486000. R = (486000 × 100)/(1215000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum amounts to Rs. 172200 in 6 years at 7% SI. Principal

A. Rs. 127000

B. Rs. 125000

C. Rs. 126000

D. Rs. 124000

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
SI = 46200. P = 172200 - 46200 = 126000.

This question belongs to: Maths Simple Interest

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