In how many years Rs. 18567 will amount to Rs. 27850 at 8% simple interest? MCQ with Answer and Explanation

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In how many years Rs. 18567 will amount to Rs. 27850 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 8 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 9283. T = (9283 * 100)/(18567 * 8) = 6 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 20700 for 5 years at 11% per annum is

A. Rs. 11385

B. Rs. 11185

C. Rs. 11585

D. Rs. 11785

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Correct Answer: Option A

Explanation:
SI = (20700 × 11 × 5)/100 = 11385.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 4023000 amounts to Rs. 5229900 in 3 years is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1206900. R = (1206900 × 100)/(4023000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 40500 amount to Rs. 69660 at 12% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 8 years

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Correct Answer: Option C

Explanation:
SI = 29160. T = (29160 × 100)/(40500 × 12) = 6 years.

This question belongs to: Maths Simple Interest

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