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. 760
B. Rs. 740
C. Rs. 700
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
In an election, 20% of the votes were invalid. A got 55% of valid votes and won by 2000 votes. Total votes polled:
A. 24000
B. 22000
C. 28000
D. 25000

Correct Answer: Option D


Explanation:
Valid votes V, margin 0.1V=2000 → V=20000. Total T, 0.8T=20000 → T=25000.

This question belongs to: Maths Percentage
Question #2
60 L mixture, milk:water 2:1. To make 1:2, water added:
A. 60 L
B. 50 L
C. 55 L
D. 65 L

Correct Answer: Option A


Explanation:
Milk=40 L, water=20 L. For 1:2, water=80 L, add 60 L.

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Question #3
A number is erroneously multiplied by 5/3 instead of 3/5. Percentage error in calculation:
A. 180%
B. 177.78%
C. 166.67%
D. 150%

Correct Answer: Option B


Explanation:
Correct = (3/5)x, wrong = (5/3)x. % error = [(5/3 - 3/5)/(3/5)]×100 = (16/9)×100 ≈ 177.78%.

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