Time for Rs. 420000 at 11% to amount Rs. 588000 MCQ with Answer and Explanation

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Time for Rs. 420000 at 11% to amount Rs. 588000

A. 6 years

B. 3 years

C. 4 years

D. 5 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 168000. T = (168000 * 100)/(420000 * 11) = 4 years.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 495000 amounts to Rs. 693000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 198000. R = (198000 × 100)/(495000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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A certain sum amounts to Rs. 16200 in 4 years and Rs. 17550 in 6 years at SI. The principal is

A. Rs. 13500

B. Rs. 15000

C. Rs. 12000

D. Rs. 10500

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Correct Answer: Option A

Explanation:
Difference 2 years = 1350. SI 1 year = 675. SI 4 years = 2700. Principal = 16200 - 2700 = 13500.

This question belongs to: Maths Simple Interest

Question #3

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A sum amounts to Rs. 110880 in 6 years at 7% SI. Principal

A. Rs. 83000

B. Rs. 84000

C. Rs. 85000

D. Rs. 82000

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Correct Answer: Option B

Explanation:
SI = 26880. P = 110880 - 26880 = 84000.

This question belongs to: Maths Simple Interest

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