Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the inte – McqOptions

MCQOPTIONS

1.	Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much ?
A.	Rs. 992
B.	Rs. 1112
C.	Rs. 1056
D.	Rs. 1182
Answer» B. Rs. 1112

Discussion

No Comment Found

Related MCQs

<p> A trader owes a merchant Rs. 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If the rate of interest 12% per annum, how much cash should he pay?</p>
<p> What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years ?</p>
<p> A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is:</p>
<p> Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much ?</p>
<p> What is the rate of interest at which Rs.150 becomes Rs. 220 in 10 years.</p>
<p> A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is equal to one-fifth of the second sum. The total sum invested was :</p>
<p> You deposit $600 into a 6 month certificate of deposit. After 6 months the balance is $618. Find the simple annual interest rate</p>
<p> A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is :________?</p>
<p> How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest?</p>
<p> A sum was put at simple interest at a certain rate for 3 years. Had it been put at 2% higher rate, it would have fetched Rs 360 more. Find the sum.</p>