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) 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) 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) ₹ 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. ...

a) 18 years b) 20 years c) 22 years d) 24 years correct answer is: c) 22 years Explanation Here,A’s principal A’s Rate % p.a.B’s principal B’s Rate % p.a.Let, Time yearsWe know, Amount Or, Amount ...

a) 10% b) 8% c) 6% d) 12 ½% correct answer is: b) 8% Explanation Actually here ‘Sum’ indicates ‘Principal’Let, Sum Rate % p.a.Time yearsSimple Interest or We know, S.I. According to the question, [cross multiply]% ...