Simple interest on Rs. 4257000 for 2 years at 100% per annum is MCQ with Answer and Explanation

Simple interest on Rs. 4257000 for 2 years at 100% per annum is

A. Rs. 8514200

B. Rs. 8514400

C. Rs. 8514000

D. Rs. 8513800

Answer: Option C

SI = (4257000 × 100 × 2)/100 = 8514000.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

A sum of Rs. 2250000 amounts to Rs. 3150000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 9%

D. 10%

Correct Answer: Option D

Explanation:
SI = 900000. R = (900000 × 100)/(2250000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Rate when Rs. 203000 amounts to Rs. 263900 in 3 years

A. 9%

B. 8%

C. 10%

D. 12%

Correct Answer: Option C

Explanation:
SI = 60900. R = (60900 * 100)/(203000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum of Rs. 234000 amounts to Rs. 327600 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

Correct Answer: Option C

Explanation:
SI = 93600. R = (93600 × 100)/(234000 × 4) = 10%.

This question belongs to: Maths Simple Interest