In how many years will Rs. 351000 amount to Rs. 491400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 351000 amount to Rs. 491400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 140400. T = (140400 × 100)/(351000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 4464000 for 3 years at 104% per annum is

A. Rs. 13921920

B. Rs. 13922320

C. Rs. 13922120

D. Rs. 13921720

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Correct Answer: Option A

Explanation:
SI = (4464000 × 104 × 3)/100 = 13921920.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 3006000 amount to Rs. 4208400 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 1202400. T = (1202400 × 100)/(3006000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 9000 amounts to Rs. 10800 in 4 years at simple interest. Rate of interest is

A. 5%

B. 4%

C. 8%

D. 6%

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Correct Answer: Option A

Explanation:
SI = 1800. R = (1800 × 100)/(9000 × 4) = 5%.

This question belongs to: Maths Simple Interest

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