In how many years will Rs. 21000 amount to Rs. 29400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 21000 amount to Rs. 29400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

Answer: Option D

Solution (By JKExamLibrary)

SI = 8400. T = (8400 * 100)/(21000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

SI on Rs. 31500 for 4 years at 7%

A. Rs. 9220

B. Rs. 9020

C. Rs. 8620

D. Rs. 8820

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Correct Answer: Option D

Explanation:
SI = (31500 * 7 * 4)/100 = 8820.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The principal that gives Rs. 21000 interest in 7 years at 6% SI is

A. Rs. 50000

B. Rs. 51000

C. Rs. 49000

D. Rs. 48000

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Correct Answer: Option A

Explanation:
P = (21000 × 100)/(6 × 7) = 50000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The interest on Rs. 35000 for 4 years at R% is Rs. 9800. R is

A. 6%

B. 7%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
R = (9800 × 100)/(35000 × 4) = 7%.

This question belongs to: Maths Simple Interest

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