Simple interest on Rs. 2862000 for 2 years at 71% per annum is MCQ with Answer and Explanation

Question Report Error

Simple interest on Rs. 2862000 for 2 years at 71% per annum is

A. Rs. 4065040

B. Rs. 4065240

C. Rs. 4065640

D. Rs. 4065440

Answer: Option B

Solution (By JKExamLibrary)

SI = (2862000 × 71 × 2)/100 = 4065240.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 801000 for 2 years at 28% per annum is

A. Rs. 448760

B. Rs. 448960

C. Rs. 448360

D. Rs. 448560

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Correct Answer: Option D

Explanation:
SI = (801000 × 28 × 2)/100 = 448560.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 3879000 for 3 years at 91% per annum is

A. Rs. 10601130

B. Rs. 10601530

C. Rs. 10600930

D. Rs. 10601330

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Correct Answer: Option A

Explanation:
SI = (3879000 × 91 × 3)/100 = 10601130.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 21000 amount to Rs. 29400 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 = 8400. T = (8400 * 100)/(21000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

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