Principal for Rs. 470400 interest in 8 years at 11% MCQ with Answer and Explanation

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Principal for Rs. 470400 interest in 8 years at 11%

A. Rs. 534000

B. Rs. 535000

C. Rs. 533000

D. Rs. 536000

Answer: Option B

Solution (By JKExamLibrary)

P = (470400 * 100)/(11 * 8) = 535000 approx adjusted.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

The rate at which Rs. 243000 amounts to Rs. 315900 in 3 years is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 72900. R = (72900 × 100)/(243000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

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

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option D

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

This question belongs to: Maths Simple Interest

Question #3 Report Error

The principal that gives Rs. 88200 interest in 7 years at 9% SI is

A. Rs. 139000

B. Rs. 138000

C. Rs. 141000

D. Rs. 140000

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Correct Answer: Option D

Explanation:
P = (88200 × 100)/(9 × 7) = 140000.

This question belongs to: Maths Simple Interest

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