Years for Rs. 42000 at 7% to give Rs. 11760 interest MCQ with Answer and Explanation

Years for Rs. 42000 at 7% to give Rs. 11760 interest
A. 3 years
B. 5 years
C. 4 years
D. 6 years
Answer: Option C
Solution (By JKSSB Mock Tests)
T = (11760 * 100)/(42000 * 7) = 4 years.

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Practice More Simple Interest Questions

Question #1
A sum of Rs. 2520000 amounts to Rs. 3528000 in 4 years at simple interest. The rate is
A. 12%
B. 8%
C. 10%
D. 9%

Correct Answer: Option C


Explanation:
SI = 1008000. R = (1008000 × 100)/(2520000 × 4) = 10%.

This question belongs to: Maths Simple Interest
Question #2
A sum of Rs. 216000 amounts to Rs. 302400 in 4 years at simple interest. The rate is
A. 8%
B. 9%
C. 12%
D. 10%

Correct Answer: Option D


Explanation:
SI = 86400. R = (86400 × 100)/(216000 × 4) = 10%.

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Question #3
A sum of Rs. 3870000 amounts to Rs. 5418000 in 4 years at simple interest. The rate is
A. 12%
B. 10%
C. 9%
D. 8%

Correct Answer: Option B


Explanation:
SI = 1548000. R = (1548000 × 100)/(3870000 × 4) = 10%.

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