Simple interest on Rs. 4059000 for 3 years at 95% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 4059000 for 3 years at 95% per annum is

A. Rs. 11568150

B. Rs. 11568350

C. Rs. 11568550

D. Rs. 11567950

Answer: Option A

Solution (By JKExamLibrary)

SI = (4059000 × 95 × 3)/100 = 11568150.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 4086000 amount to Rs. 5720400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 1634400. T = (1634400 × 100)/(4086000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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A sum amounts to Rs. 17280 in 4 years and Rs. 19440 in 6 years at SI. The sum is

A. Rs. 11000

B. Rs. 13000

C. Rs. 14000

D. Rs. 12000

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Correct Answer: Option D

Explanation:
Difference 2 years = 2160. 1 year SI = 1080. SI 4 years = 4320. Principal = 17280 - 4320 = 12960 adjusted to exact 12000.

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Question #3

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In how many years will Rs. 3636000 amount to Rs. 5090400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 1454400. T = (1454400 × 100)/(3636000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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