In how many years will Rs. 1746000 amount to Rs. 2444400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1746000 amount to Rs. 2444400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

Answer: Option A

Solution (By JKExamLibrary)

SI = 698400. T = (698400 × 100)/(1746000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 2493000 amounts to Rs. 3240900 in 3 years is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 747900. R = (747900 × 100)/(2493000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 45000 amounts to Rs. 58500 in 3 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 13500. R = (13500 × 100)/(45000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 189000 for 2 years at 11% per annum is

A. Rs. 41980

B. Rs. 41580

C. Rs. 41780

D. Rs. 41380

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Correct Answer: Option B

Explanation:
SI = (189000 × 11 × 2)/100 = 41580.

This question belongs to: Maths Simple Interest

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