Simple interest on Rs. 927000 for 2 years at 28% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 927000 for 2 years at 28% per annum is

A. Rs. 518920

B. Rs. 519320

C. Rs. 519520

D. Rs. 519120

Answer: Option D

Solution (By JKExamLibrary)

SI = (927000 × 28 × 2)/100 = 519120.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 4509000 for 3 years at 105% per annum is

A. Rs. 14203350

B. Rs. 14203550

C. Rs. 14203150

D. Rs. 14203750

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Correct Answer: Option A

Explanation:
SI = (4509000 × 105 × 3)/100 = 14203350.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 585000 amounts to Rs. 819000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 234000. R = (234000 × 100)/(585000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2070000 amounts to Rs. 2898000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 828000. R = (828000 × 100)/(2070000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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