In how many years will Rs. 2736000 amount to Rs. 3830400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2736000 amount to Rs. 3830400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1094400. T = (1094400 × 100)/(2736000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 513000 amounts to Rs. 666900 in 3 years is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 153900. R = (153900 × 100)/(513000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 16992000 interest in 8 years at 46% SI is

A. Rs. 4618391

B. Rs. 4617391

C. Rs. 4615391

D. Rs. 4616391

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Correct Answer: Option B

Explanation:
P = (16992000 × 100)/(46 × 8) = 4617391.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 585000 for 2 years at 22% per annum is

A. Rs. 257200

B. Rs. 257600

C. Rs. 257400

D. Rs. 257800

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Correct Answer: Option C

Explanation:
SI = (585000 × 22 × 2)/100 = 257400.

This question belongs to: Maths Simple Interest

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