In how many years will Rs. 396000 amount to Rs. 554400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 396000 amount to Rs. 554400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 158400. T = (158400 × 100)/(396000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Principal for Rs. 10800 interest in 6 years at 6%

A. Rs. 29000

B. Rs. 30000

C. Rs. 28000

D. Rs. 31000

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Correct Answer: Option B

Explanation:
P = (10800 * 100)/(6 * 6) = 30000.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 2691000 amount to Rs. 3767400 at 8% simple interest?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 1076400. T = (1076400 × 100)/(2691000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 837000 for 2 years at 26% per annum is

A. Rs. 435240

B. Rs. 435040

C. Rs. 435640

D. Rs. 435440

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Correct Answer: Option A

Explanation:
SI = (837000 × 26 × 2)/100 = 435240.

This question belongs to: Maths Simple Interest

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