Simple interest on Rs. 612000 for 2 years at 21% per annum is MCQ with Answer and Explanation

Question Report Error

Simple interest on Rs. 612000 for 2 years at 21% per annum is

A. Rs. 257440

B. Rs. 257040

C. Rs. 256840

D. Rs. 257240

Answer: Option B

Solution (By JKExamLibrary)

SI = (612000 × 21 × 2)/100 = 257040.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Rate for Rs. 329000 to Rs. 427700 in 3 years SI

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 98700. R = (98700 * 100)/(329000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The rate at which Rs. 2178000 amounts to Rs. 2831400 in 3 years is

A. 10%

B. 12%

C. 8%

D. 9%

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
SI = 653400. R = (653400 × 100)/(2178000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 20700 for 5 years at 11% per annum is

A. Rs. 11185

B. Rs. 11385

C. Rs. 11785

D. Rs. 11585

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SI = (20700 × 11 × 5)/100 = 11385.

This question belongs to: Maths Simple Interest

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