In how many years will Rs. 2601000 amount to Rs. 3641400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2601000 amount to Rs. 3641400 at 8% simple interest?

A. 6 years

B. 4 years

C. 5 years

D. 7 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1040400. T = (1040400 × 100)/(2601000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 21000 interest in 7 years at 6% SI is

A. Rs. 48000

B. Rs. 49000

C. Rs. 50000

D. Rs. 51000

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Correct Answer: Option C

Explanation:
P = (21000 × 100)/(6 × 7) = 50000.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 3348000 amounts to Rs. 4352400 in 3 years is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 1004400. R = (1004400 × 100)/(3348000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum at 16% SI for 3 years amounts to Rs. 364000. Principal

A. Rs. 208000

B. Rs. 210000

C. Rs. 211000

D. Rs. 209000

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Correct Answer: Option B

Explanation:
SI = 154000. P = 364000 - 154000 = 210000.

This question belongs to: Maths Simple Interest

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