In how many years will Rs. 2061000 amount to Rs. 2885400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2061000 amount to Rs. 2885400 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 = 824400. T = (824400 × 100)/(2061000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 1143000 amounts to Rs. 1485900 in 3 years is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 342900. R = (342900 × 100)/(1143000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Time for Rs. 252000 at 9% to amount Rs. 352800

A. 4 years

B. 6 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 100800. T = (100800 * 100)/(252000 * 9) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1089000 for 3 years at 29% per annum is

A. Rs. 947830

B. Rs. 947630

C. Rs. 947430

D. Rs. 947230

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Correct Answer: Option C

Explanation:
SI = (1089000 × 29 × 3)/100 = 947430.

This question belongs to: Maths Simple Interest

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