In how many years will Rs. 2016000 amount to Rs. 2822400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2016000 amount to Rs. 2822400 at 8% simple interest?

A. 6 years

B. 4 years

C. 5 years

D. 7 years

Answer: Option C

Solution (By JKExamLibrary)

SI = 806400. T = (806400 × 100)/(2016000 × 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. 3906000 amount to Rs. 5468400 at 8% simple interest?

A. 6 years

B. 4 years

C. 7 years

D. 5 years

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
SI = 1562400. T = (1562400 × 100)/(3906000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 639000 for 3 years at 19% per annum is

A. Rs. 364630

B. Rs. 364030

C. Rs. 364430

D. Rs. 364230

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Correct Answer: Option D

Explanation:
SI = (639000 × 19 × 3)/100 = 364230.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 4464000 for 3 years at 104% per annum is

A. Rs. 13922120

B. Rs. 13921920

C. Rs. 13922320

D. Rs. 13921720

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Correct Answer: Option B

Explanation:
SI = (4464000 × 104 × 3)/100 = 13921920.

This question belongs to: Maths Simple Interest

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