Years for Rs. 238000 at 7% to give Rs. 99960 interest MCQ with Answer and Explanation

Years for Rs. 238000 at 7% to give Rs. 99960 interest
A. 4 years
B. 7 years
C. 5 years
D. 6 years
Answer: Option D
Solution (By JKSSB Mock Tests)
T = (99960 * 100)/(238000 * 7) = 6 years.

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Practice More Simple Interest Questions

Question #1
SI on Rs. 59500 for 2 years at 6%
A. Rs. 7140
B. Rs. 7540
C. Rs. 7340
D. Rs. 6940

Correct Answer: Option A


Explanation:
SI = (59500 * 6 * 2)/100 = 7140.

This question belongs to: Maths Simple Interest
Question #2
The principal that gives Rs. 201600 interest in 8 years at 9% SI is
A. Rs. 278000
B. Rs. 281000
C. Rs. 279000
D. Rs. 280000

Correct Answer: Option D


Explanation:
P = (201600 × 100)/(9 × 8) = 280000.

This question belongs to: Maths Simple Interest
Question #3
In how many years will Rs. 3591000 amount to Rs. 5027400 at 8% simple interest?
A. 6 years
B. 5 years
C. 4 years
D. 7 years

Correct Answer: Option B


Explanation:
SI = 1436400. T = (1436400 × 100)/(3591000 × 8) = 5 years.

This question belongs to: Maths Simple Interest