In how many years will Rs. 3231000 amount to Rs. 4523400 at 8% simple interest? MCQ with Answer and Explanation

Question

Share Report Error

In how many years will Rs. 3231000 amount to Rs. 4523400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

Answer: Option C

Solution (By JKExamLibrary)

SI = 1292400. T = (1292400 × 100)/(3231000 × 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

The rate at which Rs. 1908000 amounts to Rs. 2480400 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SI = 572400. R = (572400 × 100)/(1908000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2403000 amounts to Rs. 3123900 in 3 years is

A. 8%

B. 10%

C. 12%

D. 9%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = 720900. R = (720900 × 100)/(2403000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 252000 for 4 years at 6% per annum is

A. Rs. 60680

B. Rs. 60480

C. Rs. 60280

D. Rs. 60880

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = (252000 × 6 × 4)/100 = 60480.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs