Time for Rs. 280000 at 7% to amount Rs. 392000 MCQ with Answer and Explanation

Time for Rs. 280000 at 7% to amount Rs. 392000
A. 4 years
B. 5 years
C. 6 years
D. 7 years
Answer: Option C
Solution (By JKSSB Mock Tests)
SI = 112000. T = (112000 * 100)/(280000 * 7) = 6 years.

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Practice More Simple Interest Questions

Question #1
Simple interest on Rs. 2439000 for 3 years at 59% per annum is
A. Rs. 4314730
B. Rs. 4314530
C. Rs. 4314130
D. Rs. 4314330

Correct Answer: Option D


Explanation:
SI = (2439000 × 59 × 3)/100 = 4314330.

This question belongs to: Maths Simple Interest
Question #2
Simple interest on Rs. 2817000 for 2 years at 70% per annum is
A. Rs. 3943800
B. Rs. 3944200
C. Rs. 3944000
D. Rs. 3943600

Correct Answer: Option A


Explanation:
SI = (2817000 × 70 × 2)/100 = 3943800.

This question belongs to: Maths Simple Interest
Question #3
In how many years will Rs. 1701000 amount to Rs. 2381400 at 8% simple interest?
A. 4 years
B. 6 years
C. 7 years
D. 5 years

Correct Answer: Option D


Explanation:
SI = 680400. T = (680400 × 100)/(1701000 × 8) = 5 years.

This question belongs to: Maths Simple Interest