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 % ...
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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 ...
a) 2 years and 3 months b) 2 years and 6 months c) 2 years and 9 months d) 3 years correct answer is: b) 2 years and 6 months Explanation Here,Principal ₹ Amount ₹ ...
a) ₹1025 b) ₹1055 c) ₹1125 d) ₹1155 correct answer is: c) ₹1125 Explanation Here, Sum means ‘Principal’.Simple Interest (S.I.) ₹ Time yearsRate % p.a.We know,S.I. Or, P [interchange]Put the value,P P So, the ...
a) 1 year 3 months b) 1 year 4 months c) 1 year 5 months d) 1 year 6 months correct answer is: a) 1 year 3 months Explanation Here,Principal ₹ Amount ₹ S.I. (Amount ...
a) Rs 2956.29 b) Rs 2656.25 c) Rs 2356.23 d) Rs 2156.21 correct answer is: b) Rs 2656.25 Explanation Here, Find the sum (principal), we can use S.I. formula.According to the question,Simple Interest (S.I.) Rs Rate ...
a) Rs 211 b) Rs 222 c) Rs 244 d) Rs 288 correct answer is: d) Rs 288 Explanation Here,Principal = Rs Rate = % p.a.Time = 3 years.We know,simple interest S.I. S.I. ...
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 ...
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) ₹ 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 ...