In how many years will Rs. 40500 amount to Rs. 69660 at 12% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 40500 amount to Rs. 69660 at 12% simple interest?

A. 7 years

B. 8 years

C. 6 years

D. 5 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 29160. T = (29160 × 100)/(40500 × 12) = 6 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 396000 amounts to Rs. 514800 in 3 years is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 118800. R = (118800 × 100)/(396000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 3600000 amounts to Rs. 5040000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1440000. R = (1440000 × 100)/(3600000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 3807000 for 2 years at 92% per annum is

A. Rs. 7004680

B. Rs. 7004880

C. Rs. 7005080

D. Rs. 7005280

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Correct Answer: Option B

Explanation:
SI = (3807000 × 92 × 2)/100 = 7004880.

This question belongs to: Maths Simple Interest

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