Simple interest on Rs. 2997000 for 2 years at 74% per annum is MCQ with Answer and Explanation

Question Report Error

Simple interest on Rs. 2997000 for 2 years at 74% per annum is

A. Rs. 4435760

B. Rs. 4435960

C. Rs. 4435560

D. Rs. 4435360

Answer: Option C

Solution (By JKExamLibrary)

SI = (2997000 × 74 × 2)/100 = 4435560.

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. 4248000 amounts to Rs. 5522400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 1274400. R = (1274400 × 100)/(4248000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The principal that gives Rs. 63000 interest in 7 years at 9% SI is

A. Rs. 101000

B. Rs. 99000

C. Rs. 100000

D. Rs. 98000

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Correct Answer: Option C

Explanation:
P = (63000 × 100)/(9 × 7) = 100000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 3951000 amount to Rs. 5531400 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SI = 1580400. T = (1580400 × 100)/(3951000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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