In how many years will Rs. 3186000 amount to Rs. 4460400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3186000 amount to Rs. 4460400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1274400. T = (1274400 × 100)/(3186000 × 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. 2025000 amounts to Rs. 2835000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 810000. R = (810000 × 100)/(2025000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 10094400 interest in 9 years at 28% SI is

A. Rs. 3998000

B. Rs. 3999000

C. Rs. 4001000

D. Rs. 4000000

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Correct Answer: Option D

Explanation:
P = (10094400 × 100)/(28 × 9) = 4000000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 3429000 for 3 years at 81% per annum is

A. Rs. 8333270

B. Rs. 8332870

C. Rs. 8333470

D. Rs. 8333070

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Correct Answer: Option D

Explanation:
SI = (3429000 × 81 × 3)/100 = 8333070.

This question belongs to: Maths Simple Interest

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