In how many years will Rs. 28000 amount to Rs. 39200 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 28000 amount to Rs. 39200 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 11200. T = (11200 × 100)/(28000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 747000 amount to Rs. 1045800 at 8% simple interest?

A. 5 years

B. 6 years

C. 4 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 298800. T = (298800 × 100)/(747000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 63000 interest in 7 years at 9% SI is

A. Rs. 99000

B. Rs. 101000

C. Rs. 98000

D. Rs. 100000

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Correct Answer: Option D

Explanation:
P = (63000 × 100)/(9 × 7) = 100000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 612000 for 3 years at 20% per annum is

A. Rs. 367600

B. Rs. 367400

C. Rs. 367000

D. Rs. 367200

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Correct Answer: Option D

Explanation:
SI = (612000 × 20 × 3)/100 = 367200.

This question belongs to: Maths Simple Interest

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