In how many years will Rs. 1746000 amount to Rs. 2444400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1746000 amount to Rs. 2444400 at 8% simple interest?

A. 4 years

B. 7 years

C. 5 years

D. 6 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 698400. T = (698400 × 100)/(1746000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 10306800 interest in 8 years at 34% SI is

A. Rs. 3793000

B. Rs. 3795000

C. Rs. 3796000

D. Rs. 3794000

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Correct Answer: Option B

Explanation:
P = (10306800 × 100)/(34 × 8) = 3795000.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 1080000 amounts to Rs. 1512000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 432000. R = (432000 × 100)/(1080000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 576000 for 3 years at 19% per annum is

A. Rs. 328120

B. Rs. 328320

C. Rs. 328520

D. Rs. 328720

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Correct Answer: Option B

Explanation:
SI = (576000 × 19 × 3)/100 = 328320.

This question belongs to: Maths Simple Interest

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