In how many years will Rs. 1296000 amount to Rs. 1814400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1296000 amount to Rs. 1814400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

Answer: Option B

Solution (By JKExamLibrary)

SI = 518400. T = (518400 × 100)/(1296000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

In how many years will Rs. 1116000 amount to Rs. 1562400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 446400. T = (446400 × 100)/(1116000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 2016000 amount to Rs. 2822400 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 = 806400. T = (806400 × 100)/(2016000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 864000 for 3 years at 27% per annum is

A. Rs. 700040

B. Rs. 699840

C. Rs. 700240

D. Rs. 699640

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Correct Answer: Option B

Explanation:
SI = (864000 × 27 × 3)/100 = 699840.

This question belongs to: Maths Simple Interest

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