The principal that gives Rs. 630000 interest in 9 years at 10% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 630000 interest in 9 years at 10% SI is

A. Rs. 698000

B. Rs. 701000

C. Rs. 700000

D. Rs. 699000

Answer: Option C

Solution (By JKSSB Mock Tests)

P = (630000 × 100)/(10 × 9) = 700000.

This question belongs to: Maths Simple Interest

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Question #1

Rate for Rs. 329000 to Rs. 427700 in 3 years SI

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 98700. R = (98700 * 100)/(329000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 28000 amounts to Rs. 39200 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 11200. R = (11200 × 100)/(28000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 603000 amount to Rs. 844200 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 241200. T = (241200 × 100)/(603000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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