In how many years will Rs. 2916000 amount to Rs. 4082400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2916000 amount to Rs. 4082400 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1166400. T = (1166400 × 100)/(2916000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

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

A. 10%

B. 12%

C. 8%

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 #2

The principal that gives Rs. 16704000 interest in 9 years at 38% SI is

A. Rs. 4878000

B. Rs. 4881000

C. Rs. 4879000

D. Rs. 4880000

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Correct Answer: Option D

Explanation:
P = (16704000 × 100)/(38 × 9) = 4880000.

This question belongs to: Maths Simple Interest

Question #3

Principal for Rs. 52920 interest in 8 years at 11%

A. Rs. 59000

B. Rs. 58000

C. Rs. 60000

D. Rs. 61000

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Correct Answer: Option C

Explanation:
P = (52920 * 100)/(11 * 8) = 60000.

This question belongs to: Maths Simple Interest

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