In how many years will Rs. 306000 amount to Rs. 428400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 306000 amount to Rs. 428400 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 122400. T = (122400 × 100)/(306000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 8053200 interest in 9 years at 25% SI is

A. Rs. 3581000

B. Rs. 3579000

C. Rs. 3578000

D. Rs. 3580000

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Correct Answer: Option D

Explanation:
P = (8053200 × 100)/(25 × 9) = 3580000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 567000 for 2 years at 20% per annum is

A. Rs. 226800

B. Rs. 226600

C. Rs. 227200

D. Rs. 227000

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Correct Answer: Option A

Explanation:
SI = (567000 × 20 × 2)/100 = 226800.

This question belongs to: Maths Simple Interest

Question #3

The sum that amounts to Rs. 20400 in 5 years at 6% SI

A. Rs. 16600

B. Rs. 15600

C. Rs. 13600

D. Rs. 14600

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Correct Answer: Option B

Explanation:
SI = 4800. P = 20400 - 4800 = 15600.

This question belongs to: Maths Simple Interest

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