In how many years will Rs. 4086000 amount to Rs. 5720400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 4086000 amount to Rs. 5720400 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

Answer: Option C

Solution (By JKExamLibrary)

SI = 1634400. T = (1634400 × 100)/(4086000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 2493000 amounts to Rs. 3240900 in 3 years is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 747900. R = (747900 × 100)/(2493000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 8053200 interest in 9 years at 25% SI is

A. Rs. 3578000

B. Rs. 3580000

C. Rs. 3581000

D. Rs. 3579000

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Correct Answer: Option B

Explanation:
P = (8053200 × 100)/(25 × 9) = 3580000.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 432000 amounts to Rs. 604800 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 172800. R = (172800 × 100)/(432000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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