In how many years will Rs. 1026000 amount to Rs. 1436400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1026000 amount to Rs. 1436400 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 410400. T = (410400 × 100)/(1026000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 2979000 for 3 years at 71% per annum is

A. Rs. 6350370

B. Rs. 6350170

C. Rs. 6350770

D. Rs. 6350570

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Correct Answer: Option A

Explanation:
SI = (2979000 × 71 × 3)/100 = 6350370.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 1593000 amounts to Rs. 2070900 in 3 years is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 477900. R = (477900 × 100)/(1593000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 342000 amounts to Rs. 444600 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 102600. R = (102600 × 100)/(342000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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