Simple interest on Rs. 945000 for 2 years at 32% per annum is MCQ with Answer and Explanation

Question Report Error

Simple interest on Rs. 945000 for 2 years at 32% per annum is

A. Rs. 605000

B. Rs. 604800

C. Rs. 605200

D. Rs. 604600

Answer: Option B

Solution (By JKExamLibrary)

SI = (945000 × 32 × 2)/100 = 604800.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

SI on Rs. 36400 for 3 years at 11%

A. Rs. 12412

B. Rs. 11812

C. Rs. 12212

D. Rs. 12012

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Correct Answer: Option D

Explanation:
SI = (36400 * 11 * 3)/100 = 12012.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 756000 amount to Rs. 1058400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 302400. T = (302400 × 100)/(756000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 2151000 amount to Rs. 3011400 at 8% simple interest?

A. 7 years

B. 6 years

C. 4 years

D. 5 years

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
SI = 860400. T = (860400 × 100)/(2151000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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