Simple interest on Rs. 864000 for 3 years at 27% per annum is MCQ with Answer and Explanation

Question Report Error

Simple interest on Rs. 864000 for 3 years at 27% per annum is

A. Rs. 700040

B. Rs. 700240

C. Rs. 699840

D. Rs. 699640

Answer: Option C

Solution (By JKExamLibrary)

SI = (864000 × 27 × 3)/100 = 699840.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest for Rs. 32000 at 4% for 6 years is

A. Rs. 7480

B. Rs. 7880

C. Rs. 8080

D. Rs. 7680

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Correct Answer: Option D

Explanation:
SI = (32000 * 4 * 6)/100 = 7680.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 171000 amount to Rs. 239400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SI = 68400. T = (68400 × 100)/(171000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The rate at which Rs. 2628000 amounts to Rs. 3416400 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
SI = 788400. R = (788400 × 100)/(2628000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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