Simple interest on Rs. 324000 for 3 years at 12% per annum is MCQ with Answer and Explanation

Question Report Error

Simple interest on Rs. 324000 for 3 years at 12% per annum is

A. Rs. 116840

B. Rs. 116440

C. Rs. 117040

D. Rs. 116640

Answer: Option D

Solution (By JKExamLibrary)

SI = (324000 × 12 × 3)/100 = 116640.

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. 3573000 amounts to Rs. 4644900 in 3 years is

A. 10%

B. 8%

C. 9%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 1071900. R = (1071900 × 100)/(3573000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum at 5% SI for 6 years amounts to Rs. 33600. Principal

A. Rs. 25000

B. Rs. 24000

C. Rs. 22000

D. Rs. 23000

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Correct Answer: Option B

Explanation:
SI = 9600. P = 33600 - 9600 = 24000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The principal that gives Rs. 14976000 interest in 9 years at 36% SI is

A. Rs. 4621000

B. Rs. 4618000

C. Rs. 4620000

D. Rs. 4619000

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Correct Answer: Option C

Explanation:
P = (14976000 × 100)/(36 × 9) = 4620000.

This question belongs to: Maths Simple Interest

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