Principal for Rs. 52920 interest in 8 years at 11% MCQ with Answer and Explanation

Principal for Rs. 52920 interest in 8 years at 11%

A. Rs. 61000

B. Rs. 58000

C. Rs. 59000

D. Rs. 60000

Answer: Option D

P = (52920 * 100)/(11 * 8) = 60000.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

In how many years Rs. 17487 will amount to Rs. 20110 at 5% simple interest?

A. 5 years

B. 3 years

C. 4 years

D. 2 years

Correct Answer: Option B

Explanation:
SI = 2623. T = (2623 * 100)/(17487 * 5) = 3 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The rate at which Rs. 414000 amounts to Rs. 538200 in 3 years is

A. 9%

B. 12%

C. 10%

D. 8%

Correct Answer: Option C

Explanation:
SI = 124200. R = (124200 × 100)/(414000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum of Rs. 4635000 amounts to Rs. 6489000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

Correct Answer: Option A

Explanation:
SI = 1854000. R = (1854000 × 100)/(4635000 × 4) = 10%.

This question belongs to: Maths Simple Interest