Years for Rs. 462000 at 14% to give Rs. 388080 interest MCQ with Answer and Explanation

Question
Years for Rs. 462000 at 14% to give Rs. 388080 interest
A. 7 years
B. 4 years
C. 5 years
D. 6 years
Answer: Option D
Solution (By JKSSB Mock Tests)
T = (388080 * 100)/(462000 * 14) = 6 years.
This question belongs to: Maths Simple Interest
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Practice More Simple Interest Questions

Question #1
The principal that gives Rs. 7516800 interest in 9 years at 24% SI is
A. Rs. 3478000
B. Rs. 3481000
C. Rs. 3479000
D. Rs. 3480000
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Correct Answer: Option D

Explanation:
P = (7516800 × 100)/(24 × 9) = 3480000.
This question belongs to: Maths Simple Interest
Question #2
The rate at which Rs. 3663000 amounts to Rs. 4761900 in 3 years is
A. 10%
B. 8%
C. 9%
D. 12%
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Correct Answer: Option A

Explanation:
SI = 1098900. R = (1098900 × 100)/(3663000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #3
A sum of Rs. 28000 amounts to Rs. 36400 in 3 years at simple interest. The rate is
A. 9%
B. 8%
C. 12%
D. 10%
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Correct Answer: Option D

Explanation:
SI = 8400. R = (8400 × 100)/(28000 × 3) = 10%.
This question belongs to: Maths Simple Interest
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