Simple interest on Rs. 70000 for 2 years at 11% per annum is MCQ with Answer and Explanation

Simple interest on Rs. 70000 for 2 years at 11% per annum is

A. Rs. 15400

B. Rs. 15800

C. Rs. 15600

D. Rs. 15200

Answer: Option A

SI = (70000 × 11 × 2)/100 = 15400.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

The rate at which Rs. 468000 amounts to Rs. 608400 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

Correct Answer: Option C

Explanation:
SI = 140400. R = (140400 × 100)/(468000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The rate at which Rs. 3213000 amounts to Rs. 4176900 in 3 years is

A. 10%

B. 12%

C. 9%

D. 8%

Correct Answer: Option A

Explanation:
SI = 963900. R = (963900 × 100)/(3213000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum of Rs. 1080000 amounts to Rs. 1512000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 9%

D. 12%

Correct Answer: Option A

Explanation:
SI = 432000. R = (432000 × 100)/(1080000 × 4) = 10%.

This question belongs to: Maths Simple Interest