In how many years will Rs. 2466000 amount to Rs. 3452400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2466000 amount to Rs. 3452400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 986400. T = (986400 × 100)/(2466000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 1611000 amount to Rs. 2255400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 644400. T = (644400 × 100)/(1611000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The principal giving Rs. 369600 SI in 8 years at 11%

A. Rs. 421000

B. Rs. 419000

C. Rs. 418000

D. Rs. 420000

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Correct Answer: Option D

Explanation:
P = (369600 * 100)/(11 * 8) = 420000.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 4635000 amounts to Rs. 6489000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1854000. R = (1854000 × 100)/(4635000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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