Sahil took a loan for 6 years at the rate of 5% per annum on Simple In – McqOptions

MCQOPTIONS

1.	Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paidwas Rs. 1230, the principal was:
A.	3600
B.	4500
C.	3900
D.	4100
Answer» E.

Discussion

No Comment Found

Related MCQs

A financier claims to be lending money at simple interest, But he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes.
At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in10 years
A sum of money at simple interest amounts to Rs. 2240 in 2 years and to Rs. 2600 in 5 years. What isthe principal amount?
If a sum of money doubles itself in 8 years at simple interest, the ratepercent per annum is
Find the rate at Simple interest, at which a sum becomes four times of itself in 15 years
Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paidwas Rs. 1230, the principal was:
If A lends Rs. 3500 to B at 10% p.a. and B lends the same sum to C at 11.5% p.a., then the gain of B (inRs.) in a period of 3 years is:
Sachin borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends money to Rahulat 25/4% p.a. for 2 years. Find the gain of one year by Sachin.
Find the simple interest on the Rs. 2000 at 25/4% per annum for the period from 4th Feb 2005 to 18thApril 2005?
Find the simple interest on Rs 7000 at 50/3 % for 9 months?