Simple interest on Rs. 702000 for 2 years at 23% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 702000 for 2 years at 23% per annum is

A. Rs. 323320

B. Rs. 323120

C. Rs. 322720

D. Rs. 322920

Answer: Option D

Solution (By JKExamLibrary)

SI = (702000 × 23 × 2)/100 = 322920.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 1206000 amount to Rs. 1688400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 482400. T = (482400 × 100)/(1206000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 126000 interest in 5 years at 6% SI is

A. Rs. 421000

B. Rs. 419000

C. Rs. 418000

D. Rs. 420000

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Correct Answer: Option D

Explanation:
P = (126000 × 100)/(6 × 5) = 420000.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 4014000 for 3 years at 94% per annum is

A. Rs. 11319280

B. Rs. 11319480

C. Rs. 11319880

D. Rs. 11319680

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Correct Answer: Option B

Explanation:
SI = (4014000 × 94 × 3)/100 = 11319480.

This question belongs to: Maths Simple Interest

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