In how many years will Rs. 747000 amount to Rs. 1045800 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 747000 amount to Rs. 1045800 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 = 298800. T = (298800 × 100)/(747000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 42000 amounts to Rs. 54600 in 3 years is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 12600. R = (12600 × 100)/(42000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 729000 for 2 years at 26% per annum is

A. Rs. 379480

B. Rs. 379280

C. Rs. 379080

D. Rs. 378880

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Correct Answer: Option C

Explanation:
SI = (729000 × 26 × 2)/100 = 379080.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2070000 amounts to Rs. 2898000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 828000. R = (828000 × 100)/(2070000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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