In how many years will Rs. 4221000 amount to Rs. 5909400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 4221000 amount to Rs. 5909400 at 8% simple interest?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

Answer: Option A

Solution (By JKExamLibrary)

SI = 1688400. T = (1688400 × 100)/(4221000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 108000 for 4 years at 6% per annum is

A. Rs. 26120

B. Rs. 25720

C. Rs. 26320

D. Rs. 25920

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Correct Answer: Option D

Explanation:
SI = (108000 × 6 × 4)/100 = 25920.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 1602000 for 2 years at 43% per annum is

A. Rs. 1378120

B. Rs. 1377520

C. Rs. 1377720

D. Rs. 1377920

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Correct Answer: Option C

Explanation:
SI = (1602000 × 43 × 2)/100 = 1377720.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum of Rs. 1575000 amounts to Rs. 2205000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 630000. R = (630000 × 100)/(1575000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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