In how many years will Rs. 3096000 amount to Rs. 4334400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3096000 amount to Rs. 4334400 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 1238400. T = (1238400 × 100)/(3096000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

A sum of Rs. 3420000 amounts to Rs. 4788000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1368000. R = (1368000 × 100)/(3420000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum at 11% SI for 5 years amounts to Rs. 189000. Principal

A. Rs. 126000

B. Rs. 124000

C. Rs. 125000

D. Rs. 127000

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Correct Answer: Option A

Explanation:
SI = 63000. P = 189000 - 63000 = 126000.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 3348000 amounts to Rs. 4352400 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 1004400. R = (1004400 × 100)/(3348000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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