In how many years will Rs. 4536000 amount to Rs. 6350400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 4536000 amount to Rs. 6350400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1814400. T = (1814400 × 100)/(4536000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 783000 amounts to Rs. 1017900 in 3 years is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 234900. R = (234900 × 100)/(783000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum amounts to Rs. 95760 in 5 years at 8% SI. Principal

A. Rs. 63000

B. Rs. 61000

C. Rs. 64000

D. Rs. 62000

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Correct Answer: Option A

Explanation:
SI = 32760. P = 95760 - 32760 = 63000.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 1170000 amounts to Rs. 1638000 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 = 468000. R = (468000 × 100)/(1170000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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