In how many years will Rs. 1161000 amount to Rs. 1625400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1161000 amount to Rs. 1625400 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 464400. T = (464400 × 100)/(1161000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 3681000 amount to Rs. 5153400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1472400. T = (1472400 × 100)/(3681000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2313000 amounts to Rs. 3006900 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 693900. R = (693900 × 100)/(2313000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum amounts to Rs. 194880 in 5 years at 10% SI. Principal

A. Rs. 131000

B. Rs. 132000

C. Rs. 133000

D. Rs. 134000

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Correct Answer: Option C

Explanation:
SI = 61880. P = 194880 - 61880 = 133000.

This question belongs to: Maths Simple Interest

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