In how many years will Rs. 675000 amount to Rs. 945000 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 675000 amount to Rs. 945000 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 270000. T = (270000 × 100)/(675000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Principal for Rs. 470400 interest in 8 years at 11%

A. Rs. 536000

B. Rs. 535000

C. Rs. 533000

D. Rs. 534000

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Correct Answer: Option B

Explanation:
P = (470400 * 100)/(11 * 8) = 535000 approx adjusted.

This question belongs to: Maths Simple Interest

Question #2

The principal giving Rs. 235200 SI in 7 years at 12%

A. Rs. 280000

B. Rs. 281000

C. Rs. 279000

D. Rs. 278000

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Correct Answer: Option A

Explanation:
P = (235200 * 100)/(12 * 7) = 280000.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 4158000 amounts to Rs. 5405400 in 3 years is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 1247400. R = (1247400 × 100)/(4158000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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