In how many years will Rs. 423000 amount to Rs. 592200 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 423000 amount to Rs. 592200 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 169200. T = (169200 × 100)/(423000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 3402000 for 2 years at 83% per annum is

A. Rs. 5647720

B. Rs. 5647320

C. Rs. 5647520

D. Rs. 5647120

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Correct Answer: Option B

Explanation:
SI = (3402000 × 83 × 2)/100 = 5647320.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2988000 amounts to Rs. 3884400 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 896400. R = (896400 × 100)/(2988000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 3330000 amounts to Rs. 4662000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 1332000. R = (1332000 × 100)/(3330000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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