In how many years will Rs. 396000 amount to Rs. 554400 at 8% simple interest? MCQ with Answer and Explanation

Question

Share Report Error

In how many years will Rs. 396000 amount to Rs. 554400 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

Answer: Option C

Solution (By JKExamLibrary)

SI = 158400. T = (158400 × 100)/(396000 × 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

Rate for Rs. 70000 to Rs. 91000 in 3 years SI

A. 8%

B. 12%

C. 10%

D. 9%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SI = 21000. R = (21000 * 100)/(70000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2718000 amounts to Rs. 3533400 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SI = 815400. R = (815400 × 100)/(2718000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 20133 for 2 years at 7% per annum is

A. Rs. 3018

B. Rs. 2668

C. Rs. 3318

D. Rs. 2818

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SI = (20133 * 7 * 2)/100 = 2818.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs