In how many years will Rs. 3861000 amount to Rs. 5405400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3861000 amount to Rs. 5405400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1544400. T = (1544400 × 100)/(3861000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

A sum of Rs. 1305000 amounts to Rs. 1827000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 522000. R = (522000 × 100)/(1305000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 10454400 interest in 9 years at 29% SI is

A. Rs. 4001000

B. Rs. 3998000

C. Rs. 4000000

D. Rs. 3999000

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Correct Answer: Option C

Explanation:
P = (10454400 × 100)/(29 × 9) = 4000000.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 32032 interest in 8 years at 9% SI is

A. Rs. 43490

B. Rs. 45290

C. Rs. 44490

D. Rs. 43990

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Correct Answer: Option C

Explanation:
P = (32032 * 100)/(9 * 8) = 44490.

This question belongs to: Maths Simple Interest

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