Principal for Rs. 470400 interest in 8 years at 11% MCQ with Answer and Explanation

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Principal for Rs. 470400 interest in 8 years at 11%

A. Rs. 535000

B. Rs. 534000

C. Rs. 536000

D. Rs. 533000

Answer: Option A

Solution (By JKSSB Mock Tests)

P = (470400 * 100)/(11 * 8) = 535000 approx adjusted.

This question belongs to: Maths Simple Interest

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Question #1

The sum that amounts to Rs. 20400 in 5 years at 6% SI

A. Rs. 16600

B. Rs. 13600

C. Rs. 15600

D. Rs. 14600

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Correct Answer: Option C

Explanation:
SI = 4800. P = 20400 - 4800 = 15600.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 4221000 amount to Rs. 5909400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 1688400. T = (1688400 × 100)/(4221000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 604800 interest in 8 years at 12% SI is

A. Rs. 630000

B. Rs. 631000

C. Rs. 629000

D. Rs. 628000

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Correct Answer: Option A

Explanation:
P = (604800 × 100)/(12 × 8) = 630000.

This question belongs to: Maths Simple Interest

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