A sum of money at simple interest amounts to Rs. 920 in 3 years and to Rs. 1040 in 5 years. Find the principal. MCQ with Answer and Explanation

A sum of money at simple interest amounts to Rs. 920 in 3 years and to Rs. 1040 in 5 years. Find the principal.
A. Rs. 700
B. Rs. 740
C. Rs. 760
D. Rs. 720
Answer: Option B
Solution (By JKSSB Mock Tests)
SI for 2 years = 1040-920 = 120, SI per year = 60. For 3 years, SI = 180, principal = 920-180 = 740.

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Practice More Percentage Questions

Question #1
A student scored 300 marks out of a total of 400. What is their percentage?
A. 70%
B. 60%
C. 80%
D. 75%

Correct Answer: Option D


Explanation:
Percentage = (300 / 400) * 100% = 75%.

This question belongs to: Maths Percentage
Question #2
80% passed English, 70% Maths, 60% both. % failed both:
A. 10%
B. 5%
C. 20%
D. 15%

Correct Answer: Option A


Explanation:
Pass at least one = 80+70-60=90%, fail both = 10%.

This question belongs to: Maths Percentage
Question #3
A number is increased by 20% and then decreased by 20%. The resulting number is 20 less than the original. Find the original number.
A. 500
B. 400
C. 550
D. 450

Correct Answer: Option A


Explanation:
1.2×0.8=0.96, 0.96x = x - 20 → 0.04x=20 → x=500.

This question belongs to: Maths Percentage