In how many years will Rs. 261000 amount to Rs. 365400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 261000 amount to Rs. 365400 at 8% simple interest?

A. 7 years

B. 4 years

C. 6 years

D. 5 years

Answer: Option D

Solution (By JKExamLibrary)

SI = 104400. T = (104400 × 100)/(261000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 1476000 amount to Rs. 2066400 at 8% simple interest?

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 590400. T = (590400 × 100)/(1476000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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

A. 5 years

B. 4 years

C. 7 years

D. 6 years

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Correct Answer: Option A

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

This question belongs to: Maths Simple Interest

Question #3

The principal giving Rs. 60480 SI in 9 years at 8%

A. Rs. 82000

B. Rs. 84000

C. Rs. 85000

D. Rs. 83000

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Correct Answer: Option B

Explanation:
P = (60480 * 100)/(8 * 9) = 84000.

This question belongs to: Maths Simple Interest

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