Simple interest on Rs. 2889000 for 3 years at 69% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 2889000 for 3 years at 69% per annum is

A. Rs. 5981830

B. Rs. 5982030

C. Rs. 5982430

D. Rs. 5982230

Answer: Option B

Solution (By JKExamLibrary)

SI = (2889000 × 69 × 3)/100 = 5982030.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 5000 amount to Rs. 6500 at 6% simple interest per annum?

A. 6 years

B. 4 years

C. 5 years

D. 3 years

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Correct Answer: Option C

Explanation:
SI = 1500. T = (1500 × 100)/(5000 × 6) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 4176000 amount to Rs. 5846400 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 = 1670400. T = (1670400 × 100)/(4176000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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Principal for Rs. 336000 interest in 7 years at 12%

A. Rs. 401000

B. Rs. 398000

C. Rs. 400000

D. Rs. 399000

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Correct Answer: Option C

Explanation:
P = (336000 * 100)/(12 * 7) = 400000.

This question belongs to: Maths Simple Interest

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