In how many years will Rs. 2781000 amount to Rs. 3893400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2781000 amount to Rs. 3893400 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1112400. T = (1112400 × 100)/(2781000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 2637000 for 2 years at 66% per annum is

A. Rs. 3480640

B. Rs. 3481240

C. Rs. 3480840

D. Rs. 3481040

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Correct Answer: Option C

Explanation:
SI = (2637000 × 66 × 2)/100 = 3480840.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 351000 amount to Rs. 491400 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 = 140400. T = (140400 × 100)/(351000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 1620000 amounts to Rs. 2268000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 648000. R = (648000 × 100)/(1620000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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