In how many years will Rs. 216000 amount to Rs. 302400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 216000 amount to Rs. 302400 at 8% simple interest?

A. 4 years

B. 7 years

C. 5 years

D. 6 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 86400. T = (86400 × 100)/(216000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Rate when Rs. 455000 amounts to Rs. 591500 in 3 years

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 136500. R = (136500 * 100)/(455000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 63000 amounts to Rs. 88200 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 25200. R = (25200 × 100)/(63000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 6980400 interest in 9 years at 23% SI is

A. Rs. 3359000

B. Rs. 3358000

C. Rs. 3360000

D. Rs. 3361000

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Correct Answer: Option C

Explanation:
P = (6980400 × 100)/(23 × 9) = 3360000.

This question belongs to: Maths Simple Interest

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