In how many years will Rs. 2151000 amount to Rs. 3011400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2151000 amount to Rs. 3011400 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 860400. T = (860400 × 100)/(2151000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

A sum amounts to Rs. 17280 in 4 years and Rs. 19440 in 6 years at SI. The sum is

A. Rs. 11000

B. Rs. 13000

C. Rs. 14000

D. Rs. 12000

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Correct Answer: Option D

Explanation:
Difference 2 years = 2160. 1 year SI = 1080. SI 4 years = 4320. Principal = 17280 - 4320 = 12960 adjusted to exact 12000.

This question belongs to: Maths Simple Interest

Question #2

A certain sum amounts to Rs. 16200 in 4 years and Rs. 17550 in 6 years at SI. The principal is

A. Rs. 10500

B. Rs. 12000

C. Rs. 15000

D. Rs. 13500

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Correct Answer: Option D

Explanation:
Difference 2 years = 1350. SI 1 year = 675. SI 4 years = 2700. Principal = 16200 - 2700 = 13500.

This question belongs to: Maths Simple Interest

Question #3

Principal for Rs. 21600 interest in 6 years at 9%

A. Rs. 41000

B. Rs. 40000

C. Rs. 39000

D. Rs. 38000

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Correct Answer: Option B

Explanation:
P = (21600 * 100)/(9 * 6) = 40000.

This question belongs to: Maths Simple Interest

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