Simple interest on Rs. 248500 for 4 years at 8% MCQ with Answer and Explanation

Simple interest on Rs. 248500 for 4 years at 8%

A. Rs. 79920

B. Rs. 79720

C. Rs. 79320

D. Rs. 79520

Answer: Option D

SI = (248500 * 8 * 4)/100 = 79520.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

A sum of Rs. 2745000 amounts to Rs. 3843000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

Correct Answer: Option D

Explanation:
SI = 1098000. R = (1098000 × 100)/(2745000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 81000 amount to Rs. 113400 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

Correct Answer: Option B

Explanation:
SI = 32400. T = (32400 × 100)/(81000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Rate when Rs. 287000 amounts to Rs. 373100 in 3 years

A. 9%

B. 12%

C. 8%

D. 10%

Correct Answer: Option D

Explanation:
SI = 86100. R = (86100 * 100)/(287000 * 3) = 10%.

This question belongs to: Maths Simple Interest