Years for Rs. 322000 at 11% to give Rs. 212520 interest MCQ with Answer and Explanation

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Years for Rs. 322000 at 11% to give Rs. 212520 interest

A. 4 years

B. 6 years

C. 7 years

D. 5 years

Answer: Option B

Solution (By JKSSB Mock Tests)

T = (212520 * 100)/(322000 * 11) = 6 years.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 648000 for 3 years at 21% per annum is

A. Rs. 408440

B. Rs. 408640

C. Rs. 408040

D. Rs. 408240

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Correct Answer: Option D

Explanation:
SI = (648000 × 21 × 3)/100 = 408240.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 3573000 amounts to Rs. 4644900 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 1071900. R = (1071900 × 100)/(3573000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 2106000 amount to Rs. 2948400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 842400. T = (842400 × 100)/(2106000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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