In how many years will Rs. 1386000 amount to Rs. 1940400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1386000 amount to Rs. 1940400 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 = 554400. T = (554400 × 100)/(1386000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Rate of SI if principal Rs. 28000 gives Rs. 6720 in 3 years

A. 8%

B. 6%

C. 7%

D. 10%

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Correct Answer: Option A

Explanation:
R = (6720 * 100)/(28000 * 3) = 8%.

This question belongs to: Maths Simple Interest

Question #2

Time for Rs. 448000 at 13% to amount Rs. 627200

A. 6 years

B. 4 years

C. 5 years

D. 3 years

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Correct Answer: Option B

Explanation:
SI = 179200. T = (179200 * 100)/(448000 * 13) = 4 years.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 6980400 interest in 9 years at 23% SI is

A. Rs. 3359000

B. Rs. 3360000

C. Rs. 3358000

D. Rs. 3361000

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Correct Answer: Option B

Explanation:
P = (6980400 × 100)/(23 × 9) = 3360000.

This question belongs to: Maths Simple Interest

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