Simple interest on Rs. 567000 for 2 years at 20% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 567000 for 2 years at 20% per annum is

A. Rs. 227000

B. Rs. 226600

C. Rs. 226800

D. Rs. 227200

Answer: Option C

Solution (By JKExamLibrary)

SI = (567000 × 20 × 2)/100 = 226800.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 162000 for 2 years at 11% per annum is

A. Rs. 35440

B. Rs. 35640

C. Rs. 36040

D. Rs. 35840

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Correct Answer: Option B

Explanation:
SI = (162000 × 11 × 2)/100 = 35640.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 63000 interest in 6 years at 7% SI is

A. Rs. 149000

B. Rs. 150000

C. Rs. 151000

D. Rs. 148000

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Correct Answer: Option B

Explanation:
P = (63000 × 100)/(7 × 6) = 150000.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 2736000 amount to Rs. 3830400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 1094400. T = (1094400 × 100)/(2736000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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