In how many years will Rs. 1431000 amount to Rs. 2003400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1431000 amount to Rs. 2003400 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 572400. T = (572400 × 100)/(1431000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Principal for Rs. 201600 interest in 9 years at 8%

A. Rs. 278000

B. Rs. 279000

C. Rs. 280000

D. Rs. 281000

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Correct Answer: Option C

Explanation:
P = (201600 * 100)/(8 * 9) = 280000.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 2241000 amount to Rs. 3137400 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 896400. T = (896400 × 100)/(2241000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 3690000 amounts to Rs. 5166000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1476000. R = (1476000 × 100)/(3690000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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