Years for Rs. 56000 at 5% to give Rs. 16800 interest MCQ with Answer and Explanation

Years for Rs. 56000 at 5% to give Rs. 16800 interest

A. 5 years

B. 4 years

C. 7 years

D. 6 years

Answer: Option D

T = (16800 * 100)/(56000 * 5) = 6 years.

This question belongs to: Maths Simple Interest

No comments yet. Be the first to start the discussion!

Question #1 Report Error

A sum of Rs. 2565000 amounts to Rs. 3591000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

Correct Answer: Option A

Explanation:
SI = 1026000. R = (1026000 × 100)/(2565000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Rate when Rs. 38000 amounts to Rs. 49400 in 3 years

A. 9%

B. 8%

C. 10%

D. 12%

Correct Answer: Option C

Explanation:
SI = 11400. R = (11400 * 100)/(38000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 2664000 for 3 years at 64% per annum is

A. Rs. 5115280

B. Rs. 5115080

C. Rs. 5114680

D. Rs. 5114880

Correct Answer: Option D

Explanation:
SI = (2664000 × 64 × 3)/100 = 5114880.

This question belongs to: Maths Simple Interest