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) 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 ...
a) 7 years b) 8 years c) 9 years d) 10 years correct answer is: c) 9 years Explanation We can do this math using 2 methods – Using log formula:Let,Principal Rate % p.a.Time According to the question,Amount We know,Amount ...
a) ‘A’ ₹106, ‘B’ ₹198, ‘C’ ₹400 and ‘D’ ₹20 b) ‘A’ ₹98, ‘B’ ₹400, ‘C’ ₹20 and ‘D’ ₹106 c) ‘A’ ₹400, ‘B’ ₹20, ‘C’ ₹106 and ‘D’ ₹198 d) ‘A’ ₹98, ‘B’ ₹106, ‘C’ ₹20 and ‘D’ ...
a) ₹ 1580 b) ₹ 2400 c) ₹ 2800 d) none of these. correct answer is: b) ₹ 2400 Explanation Here, ‘Sum’ means ‘Principal’.Rate % or %Time years or yearsSimple interest Let, Principal We ...
a) 1 ¼ years b) 1 ¾ years c) 2 ¼ years d) 2 ¾ years correct answer is: a) 1 ¼ years Explanation Here,Rate %Let, Principal Time yearsAccording to the question,Simple Interest is So that, S.I. ...
a) ₹ 724 b) ₹ 648 c) ₹ 768 d) ₹ 792 correct answer is: c) ₹ 768 Explanation Here,Principal [‘sum’ means ‘principal]Amounts Time yearsWe know, S.I. S.I. S.I. We also know, S.I. ...