In how many years will Rs. 40000 amount to Rs. 56000 at 10% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 40000 amount to Rs. 56000 at 10% simple interest?

A. 5 years

B. 6 years

C. 3 years

D. 4 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 16000. T = (16000 × 100)/(40000 × 10) = 4 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 909000 for 3 years at 25% per annum is

A. Rs. 681550

B. Rs. 681950

C. Rs. 682150

D. Rs. 681750

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Correct Answer: Option D

Explanation:
SI = (909000 × 25 × 3)/100 = 681750.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 4140000 amounts to Rs. 5796000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1656000. R = (1656000 × 100)/(4140000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 28000 amounts to Rs. 39200 in 4 years is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 11200. R = (11200 × 100)/(28000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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