In how many years will Rs. 1071000 amount to Rs. 1499400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1071000 amount to Rs. 1499400 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 428400. T = (428400 × 100)/(1071000 × 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. 3762000 for 2 years at 91% per annum is

A. Rs. 6846640

B. Rs. 6847040

C. Rs. 6846840

D. Rs. 6847240

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Correct Answer: Option C

Explanation:
SI = (3762000 × 91 × 2)/100 = 6846840.

This question belongs to: Maths Simple Interest

Question #2

Rate for Rs. 385000 to Rs. 500500 in 3 years SI

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 115500. R = (115500 * 100)/(385000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

SI on Rs. 73500 for 2 years at 11%

A. Rs. 15970

B. Rs. 16370

C. Rs. 16570

D. Rs. 16170

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Correct Answer: Option D

Explanation:
SI = (73500 * 11 * 2)/100 = 16170.

This question belongs to: Maths Simple Interest

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