In how many years will Rs. 1206000 amount to Rs. 1688400 at 8% simple interest? MCQ with Answer and Explanation

Question

Share Report Error

In how many years will Rs. 1206000 amount to Rs. 1688400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

Answer: Option C

Solution (By JKExamLibrary)

SI = 482400. T = (482400 × 100)/(1206000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 6710400 interest in 8 years at 28% SI is

A. Rs. 3001000

B. Rs. 2999000

C. Rs. 2998000

D. Rs. 3000000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
P = (6710400 × 100)/(28 × 8) = 3000000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 108000 for 3 years at 8% per annum is

A. Rs. 26120

B. Rs. 26320

C. Rs. 25920

D. Rs. 25720

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SI = (108000 × 8 × 3)/100 = 25920.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 2043000 amounts to Rs. 2655900 in 3 years is

A. 8%

B. 12%

C. 10%

D. 9%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SI = 612900. R = (612900 × 100)/(2043000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs