In how many years will Rs. 1836000 amount to Rs. 2570400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1836000 amount to Rs. 2570400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 734400. T = (734400 × 100)/(1836000 × 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. 549000 for 2 years at 21% per annum is

A. Rs. 230980

B. Rs. 230780

C. Rs. 230580

D. Rs. 230380

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Correct Answer: Option C

Explanation:
SI = (549000 × 21 × 2)/100 = 230580.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 234000 for 3 years at 10% per annum is

A. Rs. 70400

B. Rs. 70000

C. Rs. 70600

D. Rs. 70200

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Correct Answer: Option D

Explanation:
SI = (234000 × 10 × 3)/100 = 70200.

This question belongs to: Maths Simple Interest

Question #3

Principal for Rs. 403200 interest in 9 years at 8%

A. Rs. 561000

B. Rs. 559000

C. Rs. 560000

D. Rs. 558000

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Correct Answer: Option C

Explanation:
P = (403200 * 100)/(8 * 9) = 560000.

This question belongs to: Maths Simple Interest

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