In how many years will Rs. 2016000 amount to Rs. 2822400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2016000 amount to Rs. 2822400 at 8% simple interest?

A. 5 years

B. 6 years

C. 4 years

D. 7 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 806400. T = (806400 × 100)/(2016000 × 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. 28976 for 4 years at 12% per annum is

A. Rs. 13908

B. Rs. 14308

C. Rs. 13708

D. Rs. 14108

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Correct Answer: Option A

Explanation:
SI = (28976 * 12 * 4)/100 = 13908.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 486000 amount to Rs. 680400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 194400. T = (194400 × 100)/(486000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 100800 interest in 8 years at 9% SI is

A. Rs. 140000

B. Rs. 139000

C. Rs. 138000

D. Rs. 141000

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Correct Answer: Option A

Explanation:
P = (100800 × 100)/(9 × 8) = 140000.

This question belongs to: Maths Simple Interest

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