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 ...
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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 ...
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 ...