In how many years will Rs. 1431000 amount to Rs. 2003400 at 8% simple interest? MCQ with Answer and Explanation

Question

Share Report Error

In how many years will Rs. 1431000 amount to Rs. 2003400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

Answer: Option B

Solution (By JKExamLibrary)

SI = 572400. T = (572400 × 100)/(1431000 × 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 rate at which Rs. 3213000 amounts to Rs. 4176900 in 3 years is

A. 10%

B. 9%

C. 12%

D. 8%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI = 963900. R = (963900 × 100)/(3213000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 1305000 amounts to Rs. 1827000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SI = 522000. R = (522000 × 100)/(1305000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 216000 amounts to Rs. 280800 in 3 years is

A. 12%

B. 8%

C. 9%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SI = 64800. R = (64800 × 100)/(216000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs