In how many years will Rs. 24000 amount to Rs. 33600 at 10% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 24000 amount to Rs. 33600 at 10% simple interest?

A. 5 years

B. 6 years

C. 4 years

D. 3 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 9600. T = (9600 × 100)/(24000 × 10) = 4 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 207000 for 2 years at 12% per annum is

A. Rs. 50080

B. Rs. 49680

C. Rs. 49480

D. Rs. 49880

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Correct Answer: Option B

Explanation:
SI = (207000 × 12 × 2)/100 = 49680.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 1940400 interest in 8 years at 16% SI is

A. Rs. 1514000

B. Rs. 1513000

C. Rs. 1515000

D. Rs. 1516000

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Correct Answer: Option C

Explanation:
P = (1940400 × 100)/(16 × 8) = 1515000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 55000 for 3 years at 8% per annum is

A. Rs. 13600

B. Rs. 13200

C. Rs. 13000

D. Rs. 13400

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Correct Answer: Option B

Explanation:
SI = (55000 × 8 × 3)/100 = 13200.

This question belongs to: Maths Simple Interest

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