In how many years will Rs. 3816000 amount to Rs. 5342400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3816000 amount to Rs. 5342400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1526400. T = (1526400 × 100)/(3816000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

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A sum becomes Rs. 33600 after 4 years and Rs. 37800 after 6 years at simple interest. The principal is

A. Rs. 24000

B. Rs. 25200

C. Rs. 26400

D. Rs. 22800

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Correct Answer: Option B

Explanation:
Difference for 2 years = 4200. SI per year = 2100. SI for 4 years = 8400. Principal = 33600 - 8400 = 25200.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 765000 for 2 years at 27% per annum is

A. Rs. 413500

B. Rs. 413100

C. Rs. 412900

D. Rs. 413300

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Correct Answer: Option B

Explanation:
SI = (765000 × 27 × 2)/100 = 413100.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 504000 for 3 years at 16% per annum is

A. Rs. 241920

B. Rs. 241720

C. Rs. 242120

D. Rs. 242320

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Correct Answer: Option A

Explanation:
SI = (504000 × 16 × 3)/100 = 241920.

This question belongs to: Maths Simple Interest

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