In how many years will Rs. 441000 amount to Rs. 617400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 441000 amount to Rs. 617400 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 176400. T = (176400 × 100)/(441000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Rs. 15000 lent at 8% per annum simple interest. Interest in 4 years is

A. Rs. 5200

B. Rs. 4600

C. Rs. 5000

D. Rs. 4800

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Correct Answer: Option D

Explanation:
SI = (15000 × 8 × 4)/100 = 4800.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 2781000 amount to Rs. 3893400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1112400. T = (1112400 × 100)/(2781000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1422000 for 2 years at 39% per annum is

A. Rs. 1109360

B. Rs. 1109560

C. Rs. 1108960

D. Rs. 1109160

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Correct Answer: Option D

Explanation:
SI = (1422000 × 39 × 2)/100 = 1109160.

This question belongs to: Maths Simple Interest

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