In how many years will Rs. 2376000 amount to Rs. 3326400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2376000 amount to Rs. 3326400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 950400. T = (950400 × 100)/(2376000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 1332000 for 2 years at 37% per annum is

A. Rs. 985880

B. Rs. 985480

C. Rs. 985680

D. Rs. 986080

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Correct Answer: Option C

Explanation:
SI = (1332000 × 37 × 2)/100 = 985680.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 783000 amounts to Rs. 1017900 in 3 years is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 234900. R = (234900 × 100)/(783000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Principal for Rs. 168000 interest in 7 years at 12%

A. Rs. 200000

B. Rs. 199000

C. Rs. 201000

D. Rs. 198000

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Correct Answer: Option A

Explanation:
P = (168000 * 100)/(12 * 7) = 200000.

This question belongs to: Maths Simple Interest

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