In how many years will Rs. 1566000 amount to Rs. 2192400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1566000 amount to Rs. 2192400 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 626400. T = (626400 × 100)/(1566000 × 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. 3762000 for 2 years at 91% per annum is

A. Rs. 6847240

B. Rs. 6846640

C. Rs. 6846840

D. Rs. 6847040

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Correct Answer: Option C

Explanation:
SI = (3762000 × 91 × 2)/100 = 6846840.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 153000 amounts to Rs. 198900 in 3 years is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 45900. R = (45900 × 100)/(153000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2124000 for 3 years at 52% per annum is

A. Rs. 3313440

B. Rs. 3313840

C. Rs. 3313240

D. Rs. 3313640

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Correct Answer: Option A

Explanation:
SI = (2124000 × 52 × 3)/100 = 3313440.

This question belongs to: Maths Simple Interest

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