At what rate percent will Rs. 20200 give Rs. 2020 interest in 2 years? MCQ with Answer and Explanation

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At what rate percent will Rs. 20200 give Rs. 2020 interest in 2 years?

A. 5%

B. 4%

C. 7%

D. 6%

Answer: Option A

Solution (By JKSSB Mock Tests)

R = (2020 × 100)/(20200 × 2) = 5%.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 277200 interest in 7 years at 9% SI is

A. Rs. 438000

B. Rs. 439000

C. Rs. 440000

D. Rs. 441000

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Correct Answer: Option C

Explanation:
P = (277200 × 100)/(9 × 7) = 440000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 226800 interest in 7 years at 8% SI is

A. Rs. 404000

B. Rs. 406000

C. Rs. 405000

D. Rs. 403000

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Correct Answer: Option C

Explanation:
P = (226800 × 100)/(8 × 7) = 405000.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3636000 amount to Rs. 5090400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 1454400. T = (1454400 × 100)/(3636000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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