Time for Rs. 105000 at 8% to amount Rs. 147000 MCQ with Answer and Explanation

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Time for Rs. 105000 at 8% to amount Rs. 147000

A. 7 years

B. 6 years

C. 4 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 42000. T = (42000 * 100)/(105000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 396000 amount to Rs. 554400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 158400. T = (158400 × 100)/(396000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 2097000 for 2 years at 54% per annum is

A. Rs. 2264760

B. Rs. 2264960

C. Rs. 2264560

D. Rs. 2265160

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Correct Answer: Option A

Explanation:
SI = (2097000 × 54 × 2)/100 = 2264760.

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 900000 amounts to Rs. 1260000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 360000. R = (360000 × 100)/(900000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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