In how many years will Rs. 531000 amount to Rs. 743400 at 8% simple interest? MCQ with Answer and Explanation

Question

Share Report Error

In how many years will Rs. 531000 amount to Rs. 743400 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 212400. T = (212400 × 100)/(531000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

Rate for Rs. 112000 to Rs. 145600 in 4 years SI

A. 9%

B. 7.5%

C. 8%

D. 6%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = 33600. R = (33600 * 100)/(112000 * 4) = 7.5%.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 12693600 interest in 9 years at 33% SI is

A. Rs. 4278000

B. Rs. 4280000

C. Rs. 4279000

D. Rs. 4281000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
P = (12693600 × 100)/(33 × 9) = 4280000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 684000 for 3 years at 20% per annum is

A. Rs. 410200

B. Rs. 410800

C. Rs. 410600

D. Rs. 410400

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SI = (684000 × 20 × 3)/100 = 410400.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs