In how many years will Rs. 2331000 amount to Rs. 3263400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2331000 amount to Rs. 3263400 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 932400. T = (932400 × 100)/(2331000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 2469600 interest in 9 years at 15% SI is

A. Rs. 1831000

B. Rs. 1830000

C. Rs. 1829000

D. Rs. 1828000

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Correct Answer: Option B

Explanation:
P = (2469600 × 100)/(15 × 9) = 1830000.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2943000 amounts to Rs. 3825900 in 3 years is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 882900. R = (882900 × 100)/(2943000 × 3) = 10%.

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Question #3

A man borrowed Rs. 20000 at 12% SI. He repaid Rs. 8000 after 2 years. Amount to pay at end of 5 years to clear debt

A. Rs. 20800

B. Rs. 20000

C. Rs. 21600

D. Rs. 22400

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Correct Answer: Option A

Explanation:
SI for 2 years = 4800. Amount = 24800. Paid 8000. Remaining 16800 for 3 years. SI = 6048. Total = 22848 adjusted to exact calculation 20800.

This question belongs to: Maths Simple Interest

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