In how many years will Rs. 2556000 amount to Rs. 3578400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2556000 amount to Rs. 3578400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1022400. T = (1022400 × 100)/(2556000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

A sum of Rs. 3690000 amounts to Rs. 5166000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1476000. R = (1476000 × 100)/(3690000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The simple interest on a sum for 4 years at 9% is Rs. 10800. The principal is

A. Rs. 29000

B. Rs. 30000

C. Rs. 28000

D. Rs. 31000

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Correct Answer: Option B

Explanation:
P = (10800 × 100)/(9 × 4) = 30000.

This question belongs to: Maths Simple Interest

Question #3

Principal that gives Rs. 12600 SI in 3 years at 7% is

A. Rs. 60000

B. Rs. 58000

C. Rs. 59000

D. Rs. 61000

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Correct Answer: Option A

Explanation:
P = (12600 × 100)/(7 × 3) = 60000.

This question belongs to: Maths Simple Interest

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