In how many years will Rs. 1656000 amount to Rs. 2318400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1656000 amount to Rs. 2318400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 662400. T = (662400 × 100)/(1656000 × 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. 3852000 for 2 years at 93% per annum is

A. Rs. 7165120

B. Rs. 7164920

C. Rs. 7164520

D. Rs. 7164720

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Correct Answer: Option D

Explanation:
SI = (3852000 × 93 × 2)/100 = 7164720.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 28000 amounts to Rs. 39200 in 4 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 11200. R = (11200 × 100)/(28000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The simple interest on a sum of Rs. 8000 for 3 years at 5% per annum is

A. Rs. 1800

B. Rs. 1200

C. Rs. 1500

D. Rs. 1000

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Correct Answer: Option B

Explanation:
SI = (8000 × 5 × 3)/100 = 1200.

This question belongs to: Maths Simple Interest

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