In how many years will Rs. 3906000 amount to Rs. 5468400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3906000 amount to Rs. 5468400 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 = 1562400. T = (1562400 × 100)/(3906000 × 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. 648000 for 3 years at 21% per annum is

A. Rs. 408040

B. Rs. 408240

C. Rs. 408640

D. Rs. 408440

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Correct Answer: Option B

Explanation:
SI = (648000 × 21 × 3)/100 = 408240.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 900000 for 3 years at 28% per annum is

A. Rs. 755800

B. Rs. 756000

C. Rs. 756200

D. Rs. 756400

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Correct Answer: Option B

Explanation:
SI = (900000 × 28 × 3)/100 = 756000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1539000 for 3 years at 39% per annum is

A. Rs. 1801370

B. Rs. 1801570

C. Rs. 1800970

D. Rs. 1801170

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Correct Answer: Option D

Explanation:
SI = (1539000 × 39 × 3)/100 = 1801170.

This question belongs to: Maths Simple Interest

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