In how many years will Rs. 1116000 amount to Rs. 1562400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1116000 amount to Rs. 1562400 at 8% simple interest?

A. 6 years

B. 4 years

C. 7 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 446400. T = (446400 × 100)/(1116000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Rate when Rs. 455000 amounts to Rs. 591500 in 3 years

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 136500. R = (136500 * 100)/(455000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 252000 for 4 years at 6% per annum is

A. Rs. 60880

B. Rs. 60680

C. Rs. 60480

D. Rs. 60280

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Correct Answer: Option C

Explanation:
SI = (252000 × 6 × 4)/100 = 60480.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 1953000 amounts to Rs. 2538900 in 3 years is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 585900. R = (585900 × 100)/(1953000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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