Years for Rs. 294000 at 9% to give Rs. 158760 interest MCQ with Answer and Explanation

Years for Rs. 294000 at 9% to give Rs. 158760 interest

A. 5 years

B. 6 years

C. 7 years

D. 4 years

Answer: Option B

T = (158760 * 100)/(294000 * 9) = 6 years.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

In how many years will Rs. 783000 amount to Rs. 1096200 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

Correct Answer: Option A

Explanation:
SI = 313200. T = (313200 × 100)/(783000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Rate for Rs. 441000 to Rs. 573300 in 3 years SI

A. 12%

B. 9%

C. 8%

D. 10%

Correct Answer: Option D

Explanation:
SI = 132300. R = (132300 * 100)/(441000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum of Rs. 2385000 amounts to Rs. 3339000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

Correct Answer: Option C

Explanation:
SI = 954000. R = (954000 × 100)/(2385000 × 4) = 10%.

This question belongs to: Maths Simple Interest