Simple interest on Rs. 585000 for 2 years at 22% per annum is MCQ with Answer and Explanation

Simple interest on Rs. 585000 for 2 years at 22% per annum is

A. Rs. 257600

B. Rs. 257200

C. Rs. 257400

D. Rs. 257800

Answer: Option C

SI = (585000 × 22 × 2)/100 = 257400.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

In how many years will Rs. 315000 amount to Rs. 441000 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

Correct Answer: Option B

Explanation:
SI = 126000. T = (126000 × 100)/(315000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Rate if Rs. 84000 gives Rs. 25200 SI in 4 years

A. 9%

B. 6%

C. 7.5%

D. 8%

Correct Answer: Option C

Explanation:
R = (25200 * 100)/(84000 * 4) = 7.5%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The rate at which Rs. 1368000 amounts to Rs. 1778400 in 3 years is

A. 8%

B. 12%

C. 9%

D. 10%

Correct Answer: Option D

Explanation:
SI = 410400. R = (410400 × 100)/(1368000 × 3) = 10%.

This question belongs to: Maths Simple Interest