In how many years will Rs. 279000 amount to Rs. 390600 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 279000 amount to Rs. 390600 at 8% simple interest?

A. 4 years

B. 7 years

C. 5 years

D. 6 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 111600. T = (111600 × 100)/(279000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

A sum of Rs. 504000 amounts to Rs. 705600 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 = 201600. R = (201600 × 100)/(504000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 3375000 amounts to Rs. 4725000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 9%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 1350000. R = (1350000 × 100)/(3375000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3456000 amount to Rs. 4838400 at 8% simple interest?

A. 4 years

B. 7 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 1382400. T = (1382400 × 100)/(3456000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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