In how many years will Rs. 4401000 amount to Rs. 6161400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 4401000 amount to Rs. 6161400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

Answer: Option D

Solution (By JKExamLibrary)

SI = 1760400. T = (1760400 × 100)/(4401000 × 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. 1674000 for 3 years at 42% per annum is

A. Rs. 2113240

B. Rs. 2112840

C. Rs. 2112640

D. Rs. 2113040

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Correct Answer: Option B

Explanation:
SI = (1674000 × 42 × 3)/100 = 2112840.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 360000 amounts to Rs. 468000 in 3 years is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 108000. R = (108000 × 100)/(360000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum amounts to Rs. 187320 in 6 years at 9% SI. Principal

A. Rs. 132000

B. Rs. 131000

C. Rs. 133000

D. Rs. 134000

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Correct Answer: Option C

Explanation:
SI = 54320. P = 187320 - 54320 = 133000.

This question belongs to: Maths Simple Interest

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