In how many years will Rs. 4041000 amount to Rs. 5657400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 4041000 amount to Rs. 5657400 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

Answer: Option A

Solution (By JKExamLibrary)

SI = 1616400. T = (1616400 × 100)/(4041000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1287000 for 2 years at 36% per annum is

A. Rs. 926840

B. Rs. 927040

C. Rs. 926440

D. Rs. 926640

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Correct Answer: Option D

Explanation:
SI = (1287000 × 36 × 2)/100 = 926640.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 234000 for 3 years at 10% per annum is

A. Rs. 70400

B. Rs. 70600

C. Rs. 70000

D. Rs. 70200

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Correct Answer: Option D

Explanation:
SI = (234000 × 10 × 3)/100 = 70200.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 4059000 for 3 years at 95% per annum is

A. Rs. 11568350

B. Rs. 11568550

C. Rs. 11568150

D. Rs. 11567950

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Correct Answer: Option C

Explanation:
SI = (4059000 × 95 × 3)/100 = 11568150.

This question belongs to: Maths Simple Interest

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