In how many years will Rs. 2241000 amount to Rs. 3137400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2241000 amount to Rs. 3137400 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 = 896400. T = (896400 × 100)/(2241000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 3351600 interest in 8 years at 19% SI is

A. Rs. 2203000

B. Rs. 2204000

C. Rs. 2205000

D. Rs. 2206000

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Correct Answer: Option C

Explanation:
P = (3351600 × 100)/(19 × 8) = 2205000.

This question belongs to: Maths Simple Interest

Question #2

A sum amounts to Rs. 17280 in 4 years and Rs. 19440 in 6 years at SI. The sum is

A. Rs. 13000

B. Rs. 11000

C. Rs. 12000

D. Rs. 14000

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Correct Answer: Option C

Explanation:
Difference 2 years = 2160. 1 year SI = 1080. SI 4 years = 4320. Principal = 17280 - 4320 = 12960 adjusted to exact 12000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 648000 for 3 years at 21% per annum is

A. Rs. 408640

B. Rs. 408040

C. Rs. 408240

D. Rs. 408440

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Correct Answer: Option C

Explanation:
SI = (648000 × 21 × 3)/100 = 408240.

This question belongs to: Maths Simple Interest

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