In how many years will Rs. 2106000 amount to Rs. 2948400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2106000 amount to Rs. 2948400 at 8% simple interest?

A. 7 years

B. 4 years

C. 6 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 842400. T = (842400 × 100)/(2106000 × 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. 1314000 for 3 years at 34% per annum is

A. Rs. 1340480

B. Rs. 1340080

C. Rs. 1340680

D. Rs. 1340280

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Correct Answer: Option D

Explanation:
SI = (1314000 × 34 × 3)/100 = 1340280.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 783000 amounts to Rs. 1017900 in 3 years is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 234900. R = (234900 × 100)/(783000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 720000 for 3 years at 23% per annum is

A. Rs. 496800

B. Rs. 497000

C. Rs. 497200

D. Rs. 496600

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Correct Answer: Option A

Explanation:
SI = (720000 × 23 × 3)/100 = 496800.

This question belongs to: Maths Simple Interest

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