In how many years will Rs. 1971000 amount to Rs. 2759400 at 8% simple interest? MCQ with Answer and Explanation

Question

Share Report Error

In how many years will Rs. 1971000 amount to Rs. 2759400 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

Answer: Option B

Solution (By JKExamLibrary)

SI = 788400. T = (788400 × 100)/(1971000 × 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

In how many years will Rs. 936000 amount to Rs. 1310400 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI = 374400. T = (374400 × 100)/(936000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 657000 for 2 years at 24% per annum is

A. Rs. 315360

B. Rs. 315760

C. Rs. 315160

D. Rs. 315560

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI = (657000 × 24 × 2)/100 = 315360.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 828000 for 3 years at 26% per annum is

A. Rs. 645640

B. Rs. 646240

C. Rs. 646040

D. Rs. 645840

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SI = (828000 × 26 × 3)/100 = 645840.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs