In how many years will Rs. 315000 amount to Rs. 441000 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 315000 amount to Rs. 441000 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 126000. T = (126000 × 100)/(315000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 3258000 amounts to Rs. 4235400 in 3 years is

A. 10%

B. 8%

C. 9%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 977400. R = (977400 × 100)/(3258000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2484000 for 3 years at 60% per annum is

A. Rs. 4471600

B. Rs. 4471000

C. Rs. 4471200

D. Rs. 4471400

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Correct Answer: Option C

Explanation:
SI = (2484000 × 60 × 3)/100 = 4471200.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 360000 amounts to Rs. 504000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 144000. R = (144000 × 100)/(360000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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