In how many years will Rs. 3411000 amount to Rs. 4775400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3411000 amount to Rs. 4775400 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 = 1364400. T = (1364400 × 100)/(3411000 × 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. 513000 for 2 years at 20% per annum is

A. Rs. 205200

B. Rs. 205000

C. Rs. 205600

D. Rs. 205400

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Correct Answer: Option A

Explanation:
SI = (513000 × 20 × 2)/100 = 205200.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 3015000 amounts to Rs. 4221000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 1206000. R = (1206000 × 100)/(3015000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 1161000 amount to Rs. 1625400 at 8% simple interest?

A. 6 years

B. 4 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 464400. T = (464400 × 100)/(1161000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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