Simple interest on Rs. 108500 for 4 years at 7% MCQ with Answer and Explanation

Simple interest on Rs. 108500 for 4 years at 7%

A. Rs. 30780

B. Rs. 30380

C. Rs. 30580

D. Rs. 30180

Answer: Option B

SI = (108500 * 7 * 4)/100 = 30380.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

A sum of Rs. 855000 amounts to Rs. 1197000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

Correct Answer: Option D

Explanation:
SI = 342000. R = (342000 × 100)/(855000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

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

A. Rs. 139000

B. Rs. 141000

C. Rs. 140000

D. Rs. 138000

Correct Answer: Option C

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

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 486000 amount to Rs. 680400 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

Correct Answer: Option B

Explanation:
SI = 194400. T = (194400 × 100)/(486000 × 8) = 5 years.

This question belongs to: Maths Simple Interest