In how many years will Rs. 486000 amount to Rs. 680400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 486000 amount to Rs. 680400 at 8% simple interest?

A. 7 years

B. 4 years

C. 6 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 194400. T = (194400 × 100)/(486000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

A sum at 10% SI for 5 years amounts to Rs. 105000. Principal

A. Rs. 71000

B. Rs. 68000

C. Rs. 70000

D. Rs. 69000

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Correct Answer: Option C

Explanation:
SI = 35000. P = 105000 - 35000 = 70000.

This question belongs to: Maths Simple Interest

Question #2

SI on Rs. 199500 for 5 years at 5%

A. Rs. 50075

B. Rs. 50275

C. Rs. 49675

D. Rs. 49875

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Correct Answer: Option D

Explanation:
SI = (199500 * 5 * 5)/100 = 49875.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 630000 interest in 9 years at 10% SI is

A. Rs. 699000

B. Rs. 701000

C. Rs. 700000

D. Rs. 698000

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Correct Answer: Option C

Explanation:
P = (630000 × 100)/(10 × 9) = 700000.

This question belongs to: Maths Simple Interest

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