In how many years will Rs. 2511000 amount to Rs. 3515400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2511000 amount to Rs. 3515400 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1004400. T = (1004400 × 100)/(2511000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

SI on Rs. 227500 for 5 years at 7%

A. Rs. 79625

B. Rs. 80025

C. Rs. 79425

D. Rs. 79825

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Correct Answer: Option A

Explanation:
SI = (227500 * 7 * 5)/100 = 79625.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 378000 interest in 8 years at 9% SI is

A. Rs. 524000

B. Rs. 526000

C. Rs. 523000

D. Rs. 525000

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Correct Answer: Option D

Explanation:
P = (378000 × 100)/(9 × 8) = 525000.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 288000 amounts to Rs. 374400 in 3 years is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 86400. R = (86400 × 100)/(288000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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