In how many years will Rs. 1566000 amount to Rs. 2192400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1566000 amount to Rs. 2192400 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 = 626400. T = (626400 × 100)/(1566000 × 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. 828000 for 3 years at 26% per annum is

A. Rs. 645840

B. Rs. 645640

C. Rs. 646240

D. Rs. 646040

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Correct Answer: Option A

Explanation:
SI = (828000 × 26 × 3)/100 = 645840.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2500 for 4 years at 9% per annum is

A. Rs. 800

B. Rs. 1000

C. Rs. 750

D. Rs. 900

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Correct Answer: Option D

Explanation:
SI = (2500 × 9 × 4)/100 = 900.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 1845000 amounts to Rs. 2583000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 738000. R = (738000 × 100)/(1845000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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