In how many years will Rs. 1026000 amount to Rs. 1436400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1026000 amount to Rs. 1436400 at 8% simple interest?

A. 6 years

B. 7 years

C. 5 years

D. 4 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 410400. T = (410400 × 100)/(1026000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

A sum of Rs. 3330000 amounts to Rs. 4662000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 1332000. R = (1332000 × 100)/(3330000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 3177000 for 2 years at 78% per annum is

A. Rs. 4956120

B. Rs. 4955920

C. Rs. 4956520

D. Rs. 4956320

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Correct Answer: Option A

Explanation:
SI = (3177000 × 78 × 2)/100 = 4956120.

This question belongs to: Maths Simple Interest

Question #3

A sum at 5% SI for 7 years amounts to Rs. 46200. Principal

A. Rs. 33000

B. Rs. 32000

C. Rs. 34000

D. Rs. 31000

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Correct Answer: Option A

Explanation:
SI = 13200. P = 46200 - 13200 = 33000.

This question belongs to: Maths Simple Interest

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