Simple interest on Rs. 3384000 for 3 years at 80% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 3384000 for 3 years at 80% per annum is

A. Rs. 8122000

B. Rs. 8121400

C. Rs. 8121800

D. Rs. 8121600

Answer: Option D

Solution (By JKExamLibrary)

SI = (3384000 × 80 × 3)/100 = 8121600.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 639000 amount to Rs. 894600 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 255600. T = (255600 × 100)/(639000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 1377000 for 2 years at 38% per annum is

A. Rs. 1046920

B. Rs. 1046320

C. Rs. 1046720

D. Rs. 1046520

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Correct Answer: Option D

Explanation:
SI = (1377000 × 38 × 2)/100 = 1046520.

This question belongs to: Maths Simple Interest

Question #3

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In how many years Rs. 17487 will amount to Rs. 20110 at 5% simple interest?

A. 5 years

B. 4 years

C. 3 years

D. 2 years

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Correct Answer: Option C

Explanation:
SI = 2623. T = (2623 * 100)/(17487 * 5) = 3 years.

This question belongs to: Maths Simple Interest

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