In how many years will Rs. 243000 amount to Rs. 340200 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 243000 amount to Rs. 340200 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 = 97200. T = (97200 × 100)/(243000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 864000 for 3 years at 27% per annum is

A. Rs. 700240

B. Rs. 699840

C. Rs. 700040

D. Rs. 699640

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Correct Answer: Option B

Explanation:
SI = (864000 × 27 × 3)/100 = 699840.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 4131000 amount to Rs. 5783400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1652400. T = (1652400 × 100)/(4131000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

SI on Rs. 45500 for 2 years at 12%

A. Rs. 10720

B. Rs. 10920

C. Rs. 11320

D. Rs. 11120

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Correct Answer: Option B

Explanation:
SI = (45500 * 12 * 2)/100 = 10920.

This question belongs to: Maths Simple Interest

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