Simple Interest Calculations Quiz
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Questions and Answers

How much time did it take for ₹35,000 to grow to ₹52,500 at a simple interest rate of 10% per annum?

  • 3 years
  • 4 years
  • 5 years (correct)
  • 7 years
  • What was the original principal if Mr. Joshi received a simple interest of ₹7,200 at an 8% annual rate after 6 years?

  • ₹11,000
  • ₹10,000
  • ₹9,000 (correct)
  • ₹12,000
  • If ₹50,000 grew to ₹82,000 over 8 years, what is the annual simple interest rate?

  • 8%
  • 12%
  • 6%
  • 10% (correct)
  • If simple interest for 4 years at 8% p.a. exceeds that for 5½ years at 7% p.a. by ₹585, what is the principal amount?

    <p>₹9,000</p> Signup and view all the answers

    What is the principal amount of a sum that amounts to ₹18,000 after 5 years and ₹21,600 after 8 years?

    <p>₹12,000</p> Signup and view all the answers

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