The principal giving Rs. 638400 SI in 7 years at 13% MCQ with Answer and Explanation

The principal giving Rs. 638400 SI in 7 years at 13%

A. Rs. 698000

B. Rs. 699000

C. Rs. 701000

D. Rs. 700000

Answer: Option D

P = (638400 * 100)/(13 * 7) = 700000.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

Simple interest on Rs. 3114000 for 3 years at 74% per annum is

A. Rs. 6912320

B. Rs. 6912120

C. Rs. 6911920

D. Rs. 6912520

Correct Answer: Option B

Explanation:
SI = (3114000 × 74 × 3)/100 = 6912120.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 675000 amount to Rs. 945000 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

Correct Answer: Option D

Explanation:
SI = 270000. T = (270000 × 100)/(675000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The rate at which Rs. 3348000 amounts to Rs. 4352400 in 3 years is

A. 9%

B. 8%

C. 10%

D. 12%

Correct Answer: Option C

Explanation:
SI = 1004400. R = (1004400 × 100)/(3348000 × 3) = 10%.

This question belongs to: Maths Simple Interest