In how many years will Rs. 3231000 amount to Rs. 4523400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3231000 amount to Rs. 4523400 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 1292400. T = (1292400 × 100)/(3231000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 3843000 amounts to Rs. 4995900 in 3 years is

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 1152900. R = (1152900 × 100)/(3843000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 112000 for 2 years at 7% per annum is

A. Rs. 15480

B. Rs. 15680

C. Rs. 15880

D. Rs. 16080

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Correct Answer: Option B

Explanation:
SI = (112000 × 7 × 2)/100 = 15680.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3681000 amount to Rs. 5153400 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 1472400. T = (1472400 × 100)/(3681000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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