In how many years will Rs. 3321000 amount to Rs. 4649400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3321000 amount to Rs. 4649400 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1328400. T = (1328400 × 100)/(3321000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The principal giving Rs. 88200 SI in 6 years at 11%

A. Rs. 131636

B. Rs. 132636

C. Rs. 133636

D. Rs. 134636

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Correct Answer: Option C

Explanation:
P = (88200 * 100)/(11 * 6) = 133636 approx adjusted 133000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 3351600 interest in 8 years at 19% SI is

A. Rs. 2203000

B. Rs. 2204000

C. Rs. 2205000

D. Rs. 2206000

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Correct Answer: Option C

Explanation:
P = (3351600 × 100)/(19 × 8) = 2205000.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 1587600 interest in 8 years at 15% SI is

A. Rs. 1321000

B. Rs. 1324000

C. Rs. 1323000

D. Rs. 1322000

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Correct Answer: Option C

Explanation:
P = (1587600 × 100)/(15 × 8) = 1323000.

This question belongs to: Maths Simple Interest

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