Simple interest on Rs. 972000 for 2 years at 29% per annum is MCQ with Answer and Explanation

Question Report Error

Simple interest on Rs. 972000 for 2 years at 29% per annum is

A. Rs. 563760

B. Rs. 564160

C. Rs. 563560

D. Rs. 563960

Answer: Option A

Solution (By JKExamLibrary)

SI = (972000 × 29 × 2)/100 = 563760.

This question belongs to: Maths Simple Interest

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1 Report Error

The rate at which Rs. 36000 amounts to Rs. 46800 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
SI = 10800. R = (10800 × 100)/(36000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The principal that gives Rs. 7243200 interest in 8 years at 29% SI is

A. Rs. 3118000

B. Rs. 3119000

C. Rs. 3121000

D. Rs. 3120000

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
P = (7243200 × 100)/(29 × 8) = 3120000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 2997000 for 2 years at 74% per annum is

A. Rs. 4435560

B. Rs. 4435360

C. Rs. 4435960

D. Rs. 4435760

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
SI = (2997000 × 74 × 2)/100 = 4435560.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs