Principal for Rs. 537600 interest in 7 years at 12% MCQ with Answer and Explanation

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Principal for Rs. 537600 interest in 7 years at 12%

A. Rs. 638000

B. Rs. 640000

C. Rs. 639000

D. Rs. 641000

Answer: Option B

Solution (By JKSSB Mock Tests)

P = (537600 * 100)/(12 * 7) = 640000.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 3375000 amounts to Rs. 4725000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 12%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 1350000. R = (1350000 × 100)/(3375000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 4041000 amount to Rs. 5657400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 1616400. T = (1616400 × 100)/(4041000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 2061000 amount to Rs. 2885400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 824400. T = (824400 × 100)/(2061000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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