Simple interest on Rs. 4554000 for 3 years at 106% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 4554000 for 3 years at 106% per annum is

A. Rs. 14482600

B. Rs. 14482400

C. Rs. 14482000

D. Rs. 14482200

Answer: Option D

Solution (By JKExamLibrary)

SI = (4554000 × 106 × 3)/100 = 14482200.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

A sum amounts to Rs. 179760 in 5 years at 8% SI. Principal

A. Rs. 133000

B. Rs. 134000

C. Rs. 132000

D. Rs. 131000

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Correct Answer: Option A

Explanation:
SI = 46760. P = 179760 - 46760 = 133000.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 711000 amount to Rs. 995400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 284400. T = (284400 × 100)/(711000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Rate of SI if principal Rs. 28000 gives Rs. 6720 in 3 years

A. 8%

B. 10%

C. 7%

D. 6%

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Correct Answer: Option A

Explanation:
R = (6720 * 100)/(28000 * 3) = 8%.

This question belongs to: Maths Simple Interest

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