In how many years will Rs. 1521000 amount to Rs. 2129400 at 8% simple interest? MCQ with Answer and Explanation

Question Report Error

In how many years will Rs. 1521000 amount to Rs. 2129400 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

Answer: Option B

Solution (By JKExamLibrary)

SI = 608400. T = (608400 × 100)/(1521000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Discuss this Question (0)

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

Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 4347000 for 2 years at 102% per annum is

A. Rs. 8868080

B. Rs. 8868280

C. Rs. 8867680

D. Rs. 8867880

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
SI = (4347000 × 102 × 2)/100 = 8867880.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 112000 for 2 years at 7% per annum is

A. Rs. 16080

B. Rs. 15680

C. Rs. 15480

D. Rs. 15880

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SI = (112000 × 7 × 2)/100 = 15680.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum of Rs. 1620000 amounts to Rs. 2268000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
SI = 648000. R = (648000 × 100)/(1620000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs