In how many years will Rs. 3456000 amount to Rs. 4838400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3456000 amount to Rs. 4838400 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1382400. T = (1382400 × 100)/(3456000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 2116800 interest in 9 years at 16% SI is

A. Rs. 1468000

B. Rs. 1471000

C. Rs. 1470000

D. Rs. 1469000

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Correct Answer: Option C

Explanation:
P = (2116800 × 100)/(16 × 9) = 1470000.

This question belongs to: Maths Simple Interest

Question #2

The simple interest on a certain sum for 5 years at 8% is Rs. 2000. The principal is

A. Rs. 6000

B. Rs. 5500

C. Rs. 4500

D. Rs. 5000

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Correct Answer: Option D

Explanation:
P = (2000 × 100)/(8 × 5) = 5000.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 1971000 amount to Rs. 2759400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 788400. T = (788400 × 100)/(1971000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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