The principal giving Rs. 638400 SI in 7 years at 13% MCQ with Answer and Explanation

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The principal giving Rs. 638400 SI in 7 years at 13%

A. Rs. 698000

B. Rs. 700000

C. Rs. 701000

D. Rs. 699000

Answer: Option B

Solution (By JKSSB Mock Tests)

P = (638400 * 100)/(13 * 7) = 700000.

This question belongs to: Maths Simple Interest

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Question #1

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The rate at which Rs. 2628000 amounts to Rs. 3416400 in 3 years is

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 788400. R = (788400 × 100)/(2628000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 3123000 amounts to Rs. 4060000 approx in 3 years is adjusted to exact 10%

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 937000 approx, R = 10%.

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 45000 amounts to Rs. 58500 in 3 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 13500. R = (13500 × 100)/(45000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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