In how many years will Rs. 756000 amount to Rs. 1058400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 756000 amount to Rs. 1058400 at 8% simple interest?

A. 6 years

B. 4 years

C. 7 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 302400. T = (302400 × 100)/(756000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 1953000 amounts to Rs. 2538900 in 3 years is

A. 8%

B. 10%

C. 12%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 585900. R = (585900 × 100)/(1953000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Years for Rs. 119000 at 6% to give Rs. 42840 interest

A. 5 years

B. 7 years

C. 6 years

D. 4 years

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Correct Answer: Option C

Explanation:
T = (42840 * 100)/(119000 * 6) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 3852000 for 2 years at 93% per annum is

A. Rs. 7165120

B. Rs. 7164720

C. Rs. 7164920

D. Rs. 7164520

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Correct Answer: Option B

Explanation:
SI = (3852000 × 93 × 2)/100 = 7164720.

This question belongs to: Maths Simple Interest

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