a) 5% b) 6% c)7% d) 11% correct answer is: a) 5% Explanation Here,Inflation rate is %and Nominal rate is %We know,Real interest rate = (Nominal interest rate – Inflation rate) Real interest rate %Ans: If the inflation ...
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a) 2 years 5 months b) 2 years 4 months c) 2 years 3 months d) 2 years 2 months correct answer is: c) 2 years 3 months Explanation Here,Principal = Rs Rate of interest = %Simple interest ...
a) Rs 4500 b) Rs 5000 c) Rs 5050 d) Rs 5500 correct answer is: b) Rs 5000 Explanation Here, Sum of money means .According to the question,Amount = Rs Rate = %Time = months or ...
a) Rs 1100.68 b) Rs 1194.68 c) Rs 1200.68 d) Rs 1294.68 correct answer is: b) Rs 1194.68 Explanation Here,Principal = Rs Rate = % p.a.Number of years = We know,Amount ...
a) ₹ 3750 b) ₹ 3550 c) ₹ 3250 d) ₹ 3050 correct answer is: a) ₹ 3750 Explanation Here,Sum = Principal Simple Interest (S.I.) Time yearsRate % p.a.We know,S.I. Or, P Putting the value, we ...
a) 2.5 years b) 3 years c) 3.5 years d) 3.9 years correct answer is: b) 3 years Explanation Here,Principal Amount Rate %Let, Time We know,Amount Or, Amount Putting the value, we get,So, time yearsAns: An amount ...
a) 2 years 1 months b) 2 years 2 months c) 2 years 3 months d) 2 years 4 months correct answer is: c) 2 years 3 months Explanation Here,Principal Rs Rate %S.I. Rs Let, Time ...