In how many years will Rs. 3591000 amount to Rs. 5027400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3591000 amount to Rs. 5027400 at 8% simple interest?

A. 7 years

B. 4 years

C. 6 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 1436400. T = (1436400 × 100)/(3591000 × 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. 1350000 amounts to Rs. 1890000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 540000. R = (540000 × 100)/(1350000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 396000 for 3 years at 14% per annum is

A. Rs. 166120

B. Rs. 166720

C. Rs. 166320

D. Rs. 166520

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Correct Answer: Option C

Explanation:
SI = (396000 × 14 × 3)/100 = 166320.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3996000 amount to Rs. 5594400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 1598400. T = (1598400 × 100)/(3996000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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