In how many years will Rs. 3726000 amount to Rs. 5216400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3726000 amount to Rs. 5216400 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 = 1490400. T = (1490400 × 100)/(3726000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 192500 for 2 years at 15%

A. Rs. 58150

B. Rs. 57950

C. Rs. 57550

D. Rs. 57750

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Correct Answer: Option D

Explanation:
SI = (192500 * 15 * 2)/100 = 57750.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 36000 for 2 years at 11% per annum is

A. Rs. 7720

B. Rs. 8320

C. Rs. 7920

D. Rs. 8120

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Correct Answer: Option C

Explanation:
SI = (36000 × 11 × 2)/100 = 7920.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 1998000 amounts to Rs. 2597400 in 3 years is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 599400. R = (599400 × 100)/(1998000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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