Simple interest on Rs. 594000 for 3 years at 18% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 594000 for 3 years at 18% per annum is

A. Rs. 320760

B. Rs. 321160

C. Rs. 320960

D. Rs. 320560

Answer: Option A

Solution (By JKExamLibrary)

SI = (594000 × 18 × 3)/100 = 320760.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Years for Rs. 350000 at 9% to give Rs. 189000 interest

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option A

Explanation:
T = (189000 * 100)/(350000 * 9) = 6 years.

This question belongs to: Maths Simple Interest

Question #2

Years for Rs. 56000 at 5% to give Rs. 16800 interest

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option D

Explanation:
T = (16800 * 100)/(56000 * 5) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 2822400 interest in 9 years at 16% SI is

A. Rs. 1959000

B. Rs. 1960000

C. Rs. 1958000

D. Rs. 1961000

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Correct Answer: Option B

Explanation:
P = (2822400 × 100)/(16 × 9) = 1960000.

This question belongs to: Maths Simple Interest

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