In how many years will Rs. 2241000 amount to Rs. 3137400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2241000 amount to Rs. 3137400 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

Answer: Option D

Solution (By JKExamLibrary)

SI = 896400. T = (896400 × 100)/(2241000 × 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. 1872000 for 2 years at 49% per annum is

A. Rs. 1834760

B. Rs. 1834360

C. Rs. 1834560

D. Rs. 1834960

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
SI = (1872000 × 49 × 2)/100 = 1834560.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 4266000 amount to Rs. 5972400 at 8% simple interest?

A. 7 years

B. 4 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1706400. T = (1706400 × 100)/(4266000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 495000 amount to Rs. 693000 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
SI = 198000. T = (198000 × 100)/(495000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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