a) 30 guavas b) 35 guavas c) 40 guavas d) 45 guavas correct answer is: d) 45 guavas Explanation Sitara Begam had guavas in her fruits shop.She sold th part of the guavas.Let, Total guava’s part is ...
a) Rs 15000 b) Rs 10050 c) Rs 10500 d) Rs 15500 correct answer is: c) Rs 10500 Explanation Here,Rate p.a.Time months or years yearsAmount due Rs Let, Principal We need to find ...
a) 10 years and 5 months b) 10 years and 7 months c) 10 years and 9 months d) 11 years correct answer is: a) 10 years and 5 months Explanation Let,Principal According to the question,Interest will be ...
a) Rs 7500 b) Rs 7600 c) Rs 7700 d) Rs 7800 correct answer is: Rs 7800 Explanation Here,Principal Rs rate %Time years Now, find the quarterly interest rate:Quarterly Interest Rate Quarterly Interest Rate Now, ...
a) ₹425 b) ₹525 c) ₹625 d) ₹725 correct answer is: c) ₹625 Explanation Here, Sum means ‘Principal’.Simple Interest (S.I.) Rate % p.a.Time yearsWe know,S.I. Or, P [interchange]Putting the value, we ...
a) ₹57.58 b) ₹67.68 c) ₹77.78 d) ₹87.88 correct answer is: b) ₹67.68 Explanation To calculate the present value we can use the following present value formula, which is:Present Value (PV) Here,Future Value (FV) ₹ Rate % ...
a) ₹650 b) ₹700 c) ₹750 d) ₹800 correct answer is: c) ₹750 Explanation To find the principal amount (sum) that would yield a simple interest of ₹660 in 11 years at an annual interest rate of 8%, we can use the ...