The principal that gives Rs. 2822400 interest in 9 years at 16% SI is MCQ with Answer and Explanation

The principal that gives Rs. 2822400 interest in 9 years at 16% SI is

A. Rs. 1961000

B. Rs. 1959000

C. Rs. 1958000

D. Rs. 1960000

Answer: Option D

P = (2822400 × 100)/(16 × 9) = 1960000.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

A sum of Rs. 4095000 amounts to Rs. 5733000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

Correct Answer: Option A

Explanation:
SI = 1638000. R = (1638000 × 100)/(4095000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum of Rs. 1395000 amounts to Rs. 1953000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

Correct Answer: Option C

Explanation:
SI = 558000. R = (558000 × 100)/(1395000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum of Rs. 585000 amounts to Rs. 819000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

Correct Answer: Option C

Explanation:
SI = 234000. R = (234000 × 100)/(585000 × 4) = 10%.

This question belongs to: Maths Simple Interest