Simple interest on Rs. 4302000 for 2 years at 101% per annum is MCQ with Answer and Explanation

Simple interest on Rs. 4302000 for 2 years at 101% per annum is

A. Rs. 8690240

B. Rs. 8690040

C. Rs. 8690440

D. Rs. 8689840

Answer: Option B

SI = (4302000 × 101 × 2)/100 = 8690040.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

In how many years will Rs. 4401000 amount to Rs. 6161400 at 8% simple interest?

A. 5 years

B. 6 years

C. 4 years

D. 7 years

Correct Answer: Option A

Explanation:
SI = 1760400. T = (1760400 × 100)/(4401000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The rate at which Rs. 2493000 amounts to Rs. 3240900 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

Correct Answer: Option D

Explanation:
SI = 747900. R = (747900 × 100)/(2493000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 2691000 amount to Rs. 3767400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

Correct Answer: Option C

Explanation:
SI = 1076400. T = (1076400 × 100)/(2691000 × 8) = 5 years.

This question belongs to: Maths Simple Interest