MCQ
Mark $(\checkmark)$ against the correct answer in the following:In how much time would the simple interest on a certain sum be $0.125$ times the principal at $10\%$ per annum?
  • $1\frac14\text{ years}$
  • B
    $1\frac34\text{ years}$
  • C
    $2\frac14\text{ years}$
  • D
    $2\frac34\text{ years}$

Answer

Correct option: A.
$1\frac14\text{ years}$
Rate $= 10\%$ per annum
Simple interest $= 0.125 \times$ Principal
$\Rightarrow\frac{\text{Princepal}\times\text{Rate}\times\text{Time}}{100}=0.125\times\text{Principal}$
$\Rightarrow\frac{\text{Time}}{10}=0.125$
$\Rightarrow\text{Time}=1.25=1\frac14\text{ years}$

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free