In how many years will Rs. 3186000 amount to Rs. 4460400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3186000 amount to Rs. 4460400 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

Answer: Option B

Solution (By JKExamLibrary)

SI = 1274400. T = (1274400 × 100)/(3186000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 3483000 amounts to Rs. 4527900 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 1044900. R = (1044900 × 100)/(3483000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 1737000 for 2 years at 46% per annum is

A. Rs. 1598240

B. Rs. 1598440

C. Rs. 1598040

D. Rs. 1597840

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Correct Answer: Option C

Explanation:
SI = (1737000 × 46 × 2)/100 = 1598040.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 801000 for 2 years at 28% per annum is

A. Rs. 448560

B. Rs. 448960

C. Rs. 448360

D. Rs. 448760

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Correct Answer: Option A

Explanation:
SI = (801000 × 28 × 2)/100 = 448560.

This question belongs to: Maths Simple Interest

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