In how many years will Rs. 2196000 amount to Rs. 3074400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2196000 amount to Rs. 3074400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

Answer: Option D

Solution (By JKExamLibrary)

SI = 878400. T = (878400 × 100)/(2196000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 504000 for 3 years at 17% per annum is

A. Rs. 257040

B. Rs. 257240

C. Rs. 257440

D. Rs. 256840

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Correct Answer: Option A

Explanation:
SI = (504000 × 17 × 3)/100 = 257040.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum of Rs. 2430000 amounts to Rs. 3402000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 972000. R = (972000 × 100)/(2430000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 2304000 for 3 years at 56% per annum is

A. Rs. 3870720

B. Rs. 3870520

C. Rs. 3870920

D. Rs. 3871120

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Correct Answer: Option A

Explanation:
SI = (2304000 × 56 × 3)/100 = 3870720.

This question belongs to: Maths Simple Interest

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