Simple interest on Rs. 3159000 for 3 years at 75% per annum is MCQ with Answer and Explanation

Simple interest on Rs. 3159000 for 3 years at 75% per annum is
A. Rs. 7111150
B. Rs. 7110550
C. Rs. 7110950
D. Rs. 7110750
Answer: Option D
Solution (By JKExamLibrary)
SI = (3159000 × 75 × 3)/100 = 7110750.

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Practice More Simple Interest Questions

Question #1
Simple interest on Rs. 3474000 for 3 years at 82% per annum is
A. Rs. 8549840
B. Rs. 8550040
C. Rs. 8549440
D. Rs. 8549640

Correct Answer: Option D


Explanation:
SI = (3474000 × 82 × 3)/100 = 8549640.

This question belongs to: Maths Simple Interest
Question #2
The rate at which Rs. 3708000 amounts to Rs. 4820400 in 3 years is
A. 9%
B. 8%
C. 12%
D. 10%

Correct Answer: Option D


Explanation:
SI = 1112400. R = (1112400 × 100)/(3708000 × 3) = 10%.

This question belongs to: Maths Simple Interest
Question #3
Rate when Rs. 25000 amounts to Rs. 32500 in 3 years SI
A. 9%
B. 10%
C. 8%
D. 12%

Correct Answer: Option B


Explanation:
SI = 7500. R = (7500 * 100)/(25000 * 3) = 10%.

This question belongs to: Maths Simple Interest