In how many years will Rs. 2871000 amount to Rs. 4019400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2871000 amount to Rs. 4019400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

Answer: Option B

Solution (By JKExamLibrary)

SI = 1148400. T = (1148400 × 100)/(2871000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

A sum of Rs. 180000 amounts to Rs. 252000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 72000. R = (72000 × 100)/(180000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The principal that gives Rs. 982800 interest in 9 years at 12% SI is

A. Rs. 908000

B. Rs. 911000

C. Rs. 910000

D. Rs. 909000

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Correct Answer: Option C

Explanation:
P = (982800 × 100)/(12 × 9) = 910000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The rate at which Rs. 288000 amounts to Rs. 374400 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 86400. R = (86400 × 100)/(288000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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