In how many years will Rs. 2961000 amount to Rs. 4145400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2961000 amount to Rs. 4145400 at 8% simple interest?

A. 5 years

B. 6 years

C. 4 years

D. 7 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1184400. T = (1184400 × 100)/(2961000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 3078000 amounts to Rs. 4001400 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 923400. R = (923400 × 100)/(3078000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 1359000 for 3 years at 35% per annum is

A. Rs. 1426950

B. Rs. 1427150

C. Rs. 1427350

D. Rs. 1426750

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Correct Answer: Option A

Explanation:
SI = (1359000 × 35 × 3)/100 = 1426950.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 7200 amounts to Rs. 9360 in 5 years is

A. 4%

B. 8%

C. 6%

D. 5%

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Correct Answer: Option C

Explanation:
SI = 2160. R = (2160 × 100)/(7200 × 5) = 6%.

This question belongs to: Maths Simple Interest

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