Principal for Rs. 336000 interest in 7 years at 12% MCQ with Answer and Explanation

Principal for Rs. 336000 interest in 7 years at 12%

A. Rs. 401000

B. Rs. 400000

C. Rs. 398000

D. Rs. 399000

Answer: Option B

P = (336000 * 100)/(12 * 7) = 400000.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

In how many years will Rs. 1071000 amount to Rs. 1499400 at 8% simple interest?

A. 5 years

B. 6 years

C. 4 years

D. 7 years

Correct Answer: Option A

Explanation:
SI = 428400. T = (428400 × 100)/(1071000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 262500 for 3 years at 20%

A. Rs. 157500

B. Rs. 157300

C. Rs. 157700

D. Rs. 157900

Correct Answer: Option A

Explanation:
SI = (262500 * 20 * 3)/100 = 157500.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 657000 for 2 years at 22% per annum is

A. Rs. 289280

B. Rs. 288880

C. Rs. 289080

D. Rs. 289480

Correct Answer: Option C

Explanation:
SI = (657000 × 22 × 2)/100 = 289080.

This question belongs to: Maths Simple Interest