In how many years will Rs. 3771000 amount to Rs. 5279400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3771000 amount to Rs. 5279400 at 8% simple interest?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1508400. T = (1508400 × 100)/(3771000 × 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. 756000 for 3 years at 24% per annum is

A. Rs. 544120

B. Rs. 544720

C. Rs. 544320

D. Rs. 544520

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Correct Answer: Option C

Explanation:
SI = (756000 × 24 × 3)/100 = 544320.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 2448 interest in 2 years at 6% SI is

A. Rs. 21400

B. Rs. 18400

C. Rs. 19400

D. Rs. 20400

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Correct Answer: Option D

Explanation:
P = (2448 × 100)/(6 × 2) = 20400.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2880000 amounts to Rs. 4032000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 9%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 1152000. R = (1152000 × 100)/(2880000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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