In how many years will Rs. 2376000 amount to Rs. 3326400 at 8% simple interest? MCQ with Answer and Explanation

Question

Share Report Error

In how many years will Rs. 2376000 amount to Rs. 3326400 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

Answer: Option B

Solution (By JKExamLibrary)

SI = 950400. T = (950400 × 100)/(2376000 × 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

A sum amounts to Rs. 172200 in 6 years at 7% SI. Principal

A. Rs. 126000

B. Rs. 127000

C. Rs. 125000

D. Rs. 124000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI = 46200. P = 172200 - 46200 = 126000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 4302000 for 2 years at 101% per annum is

A. Rs. 8689840

B. Rs. 8690040

C. Rs. 8690440

D. Rs. 8690240

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = (4302000 × 101 × 2)/100 = 8690040.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 972000 for 2 years at 29% per annum is

A. Rs. 563760

B. Rs. 563960

C. Rs. 563560

D. Rs. 564160

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI = (972000 × 29 × 2)/100 = 563760.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs