Simple interest on Rs. 3024000 for 3 years at 72% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 3024000 for 3 years at 72% per annum is

A. Rs. 6533960

B. Rs. 6533560

C. Rs. 6533760

D. Rs. 6534160

Answer: Option C

Solution (By JKExamLibrary)

SI = (3024000 × 72 × 3)/100 = 6533760.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 1926000 amount to Rs. 2696400 at 8% simple interest?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 770400. T = (770400 × 100)/(1926000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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SI on Rs. 87500 for 3 years at 10%

A. Rs. 26050

B. Rs. 26250

C. Rs. 26450

D. Rs. 26650

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Correct Answer: Option B

Explanation:
SI = (87500 * 10 * 3)/100 = 26250.

This question belongs to: Maths Simple Interest

Question #3

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The principal that gives Rs. 151200 interest in 9 years at 8% SI is

A. Rs. 211000

B. Rs. 209000

C. Rs. 210000

D. Rs. 208000

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Correct Answer: Option C

Explanation:
P = (151200 × 100)/(8 × 9) = 210000.

This question belongs to: Maths Simple Interest

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