In how many years will Rs. 2691000 amount to Rs. 3767400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2691000 amount to Rs. 3767400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1076400. T = (1076400 × 100)/(2691000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Years for Rs. 462000 at 14% to give Rs. 388080 interest

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option A

Explanation:
T = (388080 * 100)/(462000 * 14) = 6 years.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 3636000 amount to Rs. 5090400 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1454400. T = (1454400 × 100)/(3636000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

The rate of interest at which Rs. 6000 gives Rs. 1200 interest in 4 years is

A. 5%

B. 8%

C. 6%

D. 4%

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Correct Answer: Option A

Explanation:
R = (1200 × 100)/(6000 × 4) = 5%.

This question belongs to: Maths Simple Interest

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