Simple interest on Rs. 2979000 for 3 years at 71% per annum is MCQ with Answer and Explanation

Question Report Error

Simple interest on Rs. 2979000 for 3 years at 71% per annum is

A. Rs. 6350770

B. Rs. 6350570

C. Rs. 6350170

D. Rs. 6350370

Answer: Option D

Solution (By JKExamLibrary)

SI = (2979000 × 71 × 3)/100 = 6350370.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Time for Rs. 196000 at 7% to amount Rs. 274400

A. 7 years

B. 6 years

C. 4 years

D. 5 years

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Correct Answer: Option B

Explanation:
SI = 78400. T = (78400 * 100)/(196000 * 7) = 6 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum becomes Rs. 25200 after 3 years and Rs. 28000 after 5 years at simple interest. The principal is

A. Rs. 22400

B. Rs. 21000

C. Rs. 18200

D. Rs. 19600

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
Difference for 2 years = 2800. SI per year = 1400. SI for 3 years = 4200. Principal = 25200 - 4200 = 21000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The principal that gives Rs. 13219200 interest in 9 years at 34% SI is

A. Rs. 4321000

B. Rs. 4319000

C. Rs. 4318000

D. Rs. 4320000

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Correct Answer: Option D

Explanation:
P = (13219200 × 100)/(34 × 9) = 4320000.

This question belongs to: Maths Simple Interest

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