In how many years will Rs. 3006000 amount to Rs. 4208400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3006000 amount to Rs. 4208400 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 = 1202400. T = (1202400 × 100)/(3006000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 1368000 amounts to Rs. 1778400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 410400. R = (410400 × 100)/(1368000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 1350000 amounts to Rs. 1890000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 540000. R = (540000 × 100)/(1350000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 3312000 for 2 years at 81% per annum is

A. Rs. 5365640

B. Rs. 5365840

C. Rs. 5365240

D. Rs. 5365440

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Correct Answer: Option D

Explanation:
SI = (3312000 × 81 × 2)/100 = 5365440.

This question belongs to: Maths Simple Interest

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