Simple interest on Rs. 3177000 for 2 years at 78% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 3177000 for 2 years at 78% per annum is

A. Rs. 4955920

B. Rs. 4956520

C. Rs. 4956120

D. Rs. 4956320

Answer: Option C

Solution (By JKExamLibrary)

SI = (3177000 × 78 × 2)/100 = 4956120.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Principal giving Rs. 9450 SI in 7 years at 9%

A. Rs. 13000

B. Rs. 16000

C. Rs. 15000

D. Rs. 14000

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Correct Answer: Option C

Explanation:
P = (9450 * 100)/(9 * 7) = 15000.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 3186000 amount to Rs. 4460400 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 = 1274400. T = (1274400 × 100)/(3186000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1062000 for 2 years at 31% per annum is

A. Rs. 658440

B. Rs. 658640

C. Rs. 658840

D. Rs. 658240

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Correct Answer: Option A

Explanation:
SI = (1062000 × 31 × 2)/100 = 658440.

This question belongs to: Maths Simple Interest

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