In how many years will Rs. 1521000 amount to Rs. 2129400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1521000 amount to Rs. 2129400 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 608400. T = (608400 × 100)/(1521000 × 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. 4347000 for 2 years at 102% per annum is

A. Rs. 8868280

B. Rs. 8867880

C. Rs. 8868080

D. Rs. 8867680

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Correct Answer: Option B

Explanation:
SI = (4347000 × 102 × 2)/100 = 8867880.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 1476000 amount to Rs. 2066400 at 8% simple interest?

A. 6 years

B. 4 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 590400. T = (590400 × 100)/(1476000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2574000 for 3 years at 62% per annum is

A. Rs. 4788040

B. Rs. 4787440

C. Rs. 4787840

D. Rs. 4787640

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Correct Answer: Option D

Explanation:
SI = (2574000 × 62 × 3)/100 = 4787640.

This question belongs to: Maths Simple Interest

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