In how many years will Rs. 4491000 amount to Rs. 6287400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 4491000 amount to Rs. 6287400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

Answer: Option C

Solution (By JKExamLibrary)

SI = 1796400. T = (1796400 × 100)/(4491000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

In how many years will Rs. 4356000 amount to Rs. 6098400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 1742400. T = (1742400 × 100)/(4356000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum amounts to Rs. 163680 in 5 years at 9% SI. Principal

A. Rs. 110000

B. Rs. 113000

C. Rs. 111000

D. Rs. 112000

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Correct Answer: Option D

Explanation:
SI = 51680. P = 163680 - 51680 = 112000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 28000 for 5 years at 6% per annum is

A. Rs. 8800

B. Rs. 8400

C. Rs. 8600

D. Rs. 8200

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Correct Answer: Option B

Explanation:
SI = (28000 × 6 × 5)/100 = 8400.

This question belongs to: Maths Simple Interest

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