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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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1152000 for 2 years at 33% per annum is

A. Rs. 760120

B. Rs. 760720

C. Rs. 760320

D. Rs. 760520

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Correct Answer: Option C

Explanation:
SI = (1152000 × 33 × 2)/100 = 760320.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 108000 amounts to Rs. 151200 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 43200. R = (43200 × 100)/(108000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Principal for Rs. 537600 interest in 7 years at 12%

A. Rs. 638000

B. Rs. 641000

C. Rs. 639000

D. Rs. 640000

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Correct Answer: Option D

Explanation:
P = (537600 * 100)/(12 * 7) = 640000.

This question belongs to: Maths Simple Interest

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