In how many years will Rs. 1341000 amount to Rs. 1877400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1341000 amount to Rs. 1877400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 536400. T = (536400 × 100)/(1341000 × 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. 2529000 for 3 years at 61% per annum is

A. Rs. 4629270

B. Rs. 4629070

C. Rs. 4629470

D. Rs. 4629670

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Correct Answer: Option A

Explanation:
SI = (2529000 × 61 × 3)/100 = 4629270.

This question belongs to: Maths Simple Interest

Question #2

Rate when Rs. 203000 amounts to Rs. 263900 in 3 years

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 60900. R = (60900 * 100)/(203000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of money triples itself in 20 years at simple interest. The rate is

A. 12%

B. 8%

C. 15%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 2P. R = (200 × 100)/(P × 20) = 10%.

This question belongs to: Maths Simple Interest

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