In how many years will Rs. 4266000 amount to Rs. 5972400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 4266000 amount to Rs. 5972400 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

Answer: Option C

Solution (By JKExamLibrary)

SI = 1706400. T = (1706400 × 100)/(4266000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 954000 for 3 years at 26% per annum is

A. Rs. 743440

B. Rs. 743840

C. Rs. 744040

D. Rs. 743640

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Correct Answer: Option D

Explanation:
SI = (954000 × 26 × 3)/100 = 743640.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 216000 amounts to Rs. 302400 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 86400. R = (86400 × 100)/(216000 × 4) = 10%.

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Question #3

Principal for Rs. 604800 interest in 9 years at 8%

A. Rs. 839000

B. Rs. 840000

C. Rs. 838000

D. Rs. 841000

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Correct Answer: Option B

Explanation:
P = (604800 * 100)/(8 * 9) = 840000.

This question belongs to: Maths Simple Interest

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