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

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Years for Rs. 238000 at 7% to give Rs. 99960 interest

A. 5 years

B. 6 years

C. 7 years

D. 4 years

Answer: Option B

Solution (By JKSSB Mock Tests)

T = (99960 * 100)/(238000 * 7) = 6 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 180000 for 3 years at 9% per annum is

A. Rs. 48400

B. Rs. 48800

C. Rs. 48600

D. Rs. 49000

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Correct Answer: Option C

Explanation:
SI = (180000 × 9 × 3)/100 = 48600.

This question belongs to: Maths Simple Interest

Question #2

Rate when Rs. 25000 amounts to Rs. 32500 in 3 years SI

A. 8%

B. 10%

C. 12%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 7500. R = (7500 * 100)/(25000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2304000 for 3 years at 56% per annum is

A. Rs. 3870520

B. Rs. 3870920

C. Rs. 3871120

D. Rs. 3870720

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Correct Answer: Option D

Explanation:
SI = (2304000 × 56 × 3)/100 = 3870720.

This question belongs to: Maths Simple Interest

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