• Call Us : 03082533000 (WhatsApp)
  • Email Us : TestPointpk.com@gmail.com
Testpoint Whatsapp group Testpoint Whatsapp group
Sticky Note
If the interest on Rs. 800 in 2 years is more than the interest on Rs. 400 by Rs. 40 in 2 years. Find the rate of simple interest.
  1. 5%
  2. 6%
  3. 7%
  4. 9%
Explanation

P1 = Rs.800

P2 = Rs.400

Time = 2 years

Difference in S.I. = Rs.40

Formula used:

S.I. = (PRT)/100

Calculation:

(P1RT)/100 – (P2RT)/100 = 40

⇒ RT(800 – 400) = 4000

⇒ R = 4000/800

⇒ R = 5%

∴ The rate of simple interest is 5%.

Related MCQs

If voter registration increases by 15% and then by 40%, what is the total percentage increase?
  1. 61%
  2. 71%
  3. 81%
  4. None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
What is 2.5% Zakat on an amount of Rs. 100,000?
  1. Rs. 2,000
  2. Rs. 2,500
  3. Rs. 3,000
  4. None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
If 40% of a number exceeds 25% of the same number by 45, what is the number?
  1. 200
  2. 250
  3. 300
  4. None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
If an item is Rs. 150 after a 25% discount, what is the original price of the item?
  1. Rs. 180
  2. Rs. 190
  3. Rs. 200
  4. None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
What is 100% of 200?
  1. 100
  2. 200
  3. 250
  4. None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Test Point Whatsapp Channel

All Rights Reserved © TestPointpk.com