In how many years will Rs. 1251000 amount to Rs. 1751400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1251000 amount to Rs. 1751400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 500400. T = (500400 × 100)/(1251000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

SI on Rs. 143500 for 2 years at 14%

A. Rs. 40180

B. Rs. 40580

C. Rs. 40380

D. Rs. 39980

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Correct Answer: Option A

Explanation:
SI = (143500 * 14 * 2)/100 = 40180.

This question belongs to: Maths Simple Interest

Question #2

A sum at 9% SI for 5 years amounts to Rs. 126000. Principal

A. Rs. 83000

B. Rs. 82000

C. Rs. 84000

D. Rs. 85000

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Correct Answer: Option C

Explanation:
SI = 42000. P = 126000 - 42000 = 84000.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 450000 amounts to Rs. 630000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 180000. R = (180000 × 100)/(450000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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