In how many years will Rs. 3996000 amount to Rs. 5594400 at 8% simple interest? MCQ with Answer and Explanation

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

A. 4 years

B. 6 years

C. 7 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 226800 interest in 7 years at 8% SI is

A. Rs. 405000

B. Rs. 404000

C. Rs. 403000

D. Rs. 406000

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Correct Answer: Option A

Explanation:
P = (226800 × 100)/(8 × 7) = 405000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2500 for 4 years at 9% per annum is

A. Rs. 1000

B. Rs. 800

C. Rs. 900

D. Rs. 750

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Correct Answer: Option C

Explanation:
SI = (2500 × 9 × 4)/100 = 900.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 4257000 for 2 years at 100% per annum is

A. Rs. 8514000

B. Rs. 8514400

C. Rs. 8514200

D. Rs. 8513800

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Correct Answer: Option A

Explanation:
SI = (4257000 × 100 × 2)/100 = 8514000.

This question belongs to: Maths Simple Interest

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