In how many years will Rs. 603000 amount to Rs. 844200 at 8% simple interest? MCQ with Answer and Explanation

Question Report Error

In how many years will Rs. 603000 amount to Rs. 844200 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

Answer: Option B

Solution (By JKExamLibrary)

SI = 241200. T = (241200 × 100)/(603000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1 Report Error

The principal that gives Rs. 9126000 interest in 9 years at 26% SI is

A. Rs. 3901000

B. Rs. 3900000

C. Rs. 3899000

D. Rs. 3898000

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
P = (9126000 × 100)/(26 × 9) = 3900000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 3897000 for 2 years at 94% per annum is

A. Rs. 7326360

B. Rs. 7326160

C. Rs. 7326760

D. Rs. 7326560

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
SI = (3897000 × 94 × 2)/100 = 7326360.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 1422000 for 2 years at 39% per annum is

A. Rs. 1108960

B. Rs. 1109560

C. Rs. 1109160

D. Rs. 1109360

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
SI = (1422000 × 39 × 2)/100 = 1109160.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs