In how many years will Rs. 855000 amount to Rs. 1197000 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 855000 amount to Rs. 1197000 at 8% simple interest?

A. 7 years

B. 6 years

C. 4 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 342000. T = (342000 × 100)/(855000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Principal giving Rs. 15750 SI in 5 years at 7%

A. Rs. 43000

B. Rs. 45000

C. Rs. 44000

D. Rs. 46000

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Correct Answer: Option B

Explanation:
P = (15750 * 100)/(7 * 5) = 45000.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 1575000 amounts to Rs. 2205000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 630000. R = (630000 × 100)/(1575000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 16500 for 4 years at 10%

A. Rs. 6800

B. Rs. 7000

C. Rs. 6400

D. Rs. 6600

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Correct Answer: Option D

Explanation:
SI = (16500 * 10 * 4)/100 = 6600.

This question belongs to: Maths Simple Interest

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