In how many years will Rs. 3951000 amount to Rs. 5531400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3951000 amount to Rs. 5531400 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1580400. T = (1580400 × 100)/(3951000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 31500 interest in 5 years at 9% SI is

A. Rs. 70000

B. Rs. 71000

C. Rs. 68000

D. Rs. 69000

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Correct Answer: Option A

Explanation:
P = (31500 × 100)/(9 × 5) = 70000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 1962000 for 2 years at 51% per annum is

A. Rs. 2001040

B. Rs. 2001240

C. Rs. 2001640

D. Rs. 2001440

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Correct Answer: Option B

Explanation:
SI = (1962000 × 51 × 2)/100 = 2001240.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 2016000 amount to Rs. 2822400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 806400. T = (806400 × 100)/(2016000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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