In how many years will Rs. 3051000 amount to Rs. 4271400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3051000 amount to Rs. 4271400 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1220400. T = (1220400 × 100)/(3051000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 3672000 for 2 years at 89% per annum is

A. Rs. 6536360

B. Rs. 6536560

C. Rs. 6536160

D. Rs. 6535960

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Correct Answer: Option C

Explanation:
SI = (3672000 × 89 × 2)/100 = 6536160.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 3537000 for 2 years at 86% per annum is

A. Rs. 6088440

B. Rs. 6088240

C. Rs. 6088840

D. Rs. 6088640

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Correct Answer: Option A

Explanation:
SI = (3537000 × 86 × 2)/100 = 6088440.

This question belongs to: Maths Simple Interest

Question #3

A sum amounts to Rs. 155520 in 6 years at 8% SI. Principal

A. Rs. 106000

B. Rs. 108000

C. Rs. 107000

D. Rs. 109000

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Correct Answer: Option B

Explanation:
SI = 47520. P = 155520 - 47520 = 108000.

This question belongs to: Maths Simple Interest

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