Simple interest on Rs. 864000 for 3 years at 24% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 864000 for 3 years at 24% per annum is

A. Rs. 621880

B. Rs. 622280

C. Rs. 622480

D. Rs. 622080

Answer: Option D

Solution (By JKExamLibrary)

SI = (864000 × 24 × 3)/100 = 622080.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal giving Rs. 88200 SI in 6 years at 11%

A. Rs. 132636

B. Rs. 134636

C. Rs. 131636

D. Rs. 133636

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Correct Answer: Option D

Explanation:
P = (88200 * 100)/(11 * 6) = 133636 approx adjusted 133000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 21600 interest in 6 years at 6% SI is

A. Rs. 61000

B. Rs. 59000

C. Rs. 60000

D. Rs. 58000

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Correct Answer: Option C

Explanation:
P = (21600 × 100)/(6 × 6) = 60000.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 324000 amounts to Rs. 421200 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 97200. R = (97200 × 100)/(324000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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