In how many years will Rs. 117000 amount to Rs. 163800 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 117000 amount to Rs. 163800 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 46800. T = (46800 × 100)/(117000 × 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. 801000 for 2 years at 28% per annum is

A. Rs. 448560

B. Rs. 448960

C. Rs. 448360

D. Rs. 448760

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Correct Answer: Option A

Explanation:
SI = (801000 × 28 × 2)/100 = 448560.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 63000 for 3 years at 9% per annum is

A. Rs. 16810

B. Rs. 17210

C. Rs. 17010

D. Rs. 17410

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Correct Answer: Option C

Explanation:
SI = (63000 × 9 × 3)/100 = 17010.

This question belongs to: Maths Simple Interest

Question #3

The rate of interest at which Rs. 6000 gives Rs. 1200 interest in 4 years is

A. 4%

B. 8%

C. 5%

D. 6%

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Correct Answer: Option C

Explanation:
R = (1200 × 100)/(6000 × 4) = 5%.

This question belongs to: Maths Simple Interest

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