Time for Rs. 364000 at 10% to amount Rs. 509600 MCQ with Answer and Explanation

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Time for Rs. 364000 at 10% to amount Rs. 509600

A. 6 years

B. 4 years

C. 5 years

D. 3 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 145600. T = (145600 * 100)/(364000 * 10) = 4 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 324000 for 3 years at 12% per annum is

A. Rs. 116640

B. Rs. 117040

C. Rs. 116440

D. Rs. 116840

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Correct Answer: Option A

Explanation:
SI = (324000 × 12 × 3)/100 = 116640.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 1053000 amounts to Rs. 1368900 in 3 years is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 315900. R = (315900 × 100)/(1053000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 261000 amount to Rs. 365400 at 8% simple interest?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 104400. T = (104400 × 100)/(261000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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