In how many years will Rs. 2601000 amount to Rs. 3641400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2601000 amount to Rs. 3641400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

Answer: Option D

Solution (By JKExamLibrary)

SI = 1040400. T = (1040400 × 100)/(2601000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 2574000 for 3 years at 62% per annum is

A. Rs. 4787440

B. Rs. 4787640

C. Rs. 4788040

D. Rs. 4787840

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Correct Answer: Option B

Explanation:
SI = (2574000 × 62 × 3)/100 = 4787640.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2097000 for 2 years at 54% per annum is

A. Rs. 2264560

B. Rs. 2264760

C. Rs. 2264960

D. Rs. 2265160

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Correct Answer: Option B

Explanation:
SI = (2097000 × 54 × 2)/100 = 2264760.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1404000 for 3 years at 36% per annum is

A. Rs. 1516520

B. Rs. 1516320

C. Rs. 1516120

D. Rs. 1516720

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Correct Answer: Option B

Explanation:
SI = (1404000 × 36 × 3)/100 = 1516320.

This question belongs to: Maths Simple Interest

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