Years for Rs. 434000 at 12% to give Rs. 312480 interest MCQ with Answer and Explanation

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Years for Rs. 434000 at 12% to give Rs. 312480 interest

A. 7 years

B. 4 years

C. 6 years

D. 5 years

Answer: Option C

Solution (By JKSSB Mock Tests)

T = (312480 * 100)/(434000 * 12) = 6 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 3429000 for 3 years at 81% per annum is

A. Rs. 8333470

B. Rs. 8332870

C. Rs. 8333270

D. Rs. 8333070

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Correct Answer: Option D

Explanation:
SI = (3429000 × 81 × 3)/100 = 8333070.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 630000 interest in 9 years at 10% SI is

A. Rs. 698000

B. Rs. 701000

C. Rs. 699000

D. Rs. 700000

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Correct Answer: Option D

Explanation:
P = (630000 × 100)/(10 × 9) = 700000.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2430000 amounts to Rs. 3402000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 972000. R = (972000 × 100)/(2430000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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