In how many years will Rs. 2196000 amount to Rs. 3074400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2196000 amount to Rs. 3074400 at 8% simple interest?

A. 7 years

B. 4 years

C. 6 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 878400. T = (878400 × 100)/(2196000 × 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. 468000 for 3 years at 16% per annum is

A. Rs. 224640

B. Rs. 225040

C. Rs. 224840

D. Rs. 224440

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Correct Answer: Option A

Explanation:
SI = (468000 × 16 × 3)/100 = 224640.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 1071000 amount to Rs. 1499400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 428400. T = (428400 × 100)/(1071000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 45000 at 8% to amount Rs. 63000

A. 7 years

B. 4 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 18000. T = (18000 * 100)/(45000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

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