Simple interest on Rs. 4032000 for 2 years at 97% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 4032000 for 2 years at 97% per annum is

A. Rs. 7822480

B. Rs. 7822080

C. Rs. 7822280

D. Rs. 7821880

Answer: Option B

Solution (By JKExamLibrary)

SI = (4032000 × 97 × 2)/100 = 7822080.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 2232000 for 2 years at 57% per annum is

A. Rs. 2544480

B. Rs. 2544880

C. Rs. 2544680

D. Rs. 2544280

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Correct Answer: Option A

Explanation:
SI = (2232000 × 57 × 2)/100 = 2544480.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 15432 amounts to Rs. 20061 in 3 years at simple interest. Rate is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 4629. R = (4629 * 100)/(15432 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 18450 interest in 6 years at 5% SI is

A. Rs. 62500

B. Rs. 60500

C. Rs. 61500

D. Rs. 59500

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Correct Answer: Option C

Explanation:
P = (18450 * 100)/(5 * 6) = 61500.

This question belongs to: Maths Simple Interest

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