In how many years will Rs. 3141000 amount to Rs. 4397400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3141000 amount to Rs. 4397400 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 = 1256400. T = (1256400 × 100)/(3141000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 4392000 for 2 years at 103% per annum is

A. Rs. 9047720

B. Rs. 9047320

C. Rs. 9047520

D. Rs. 9047920

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Correct Answer: Option C

Explanation:
SI = (4392000 × 103 × 2)/100 = 9047520.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 4023000 amounts to Rs. 5229900 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1206900. R = (1206900 × 100)/(4023000 × 3) = 10%.

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Question #3

A sum of Rs. 1665000 amounts to Rs. 2331000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 666000. R = (666000 × 100)/(1665000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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