In how many years will Rs. 4356000 amount to Rs. 6098400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 4356000 amount to Rs. 6098400 at 8% simple interest?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1742400. T = (1742400 × 100)/(4356000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

A sum of Rs. 54000 amounts to Rs. 75600 in 5 years at simple interest. The rate is

A. 9%

B. 10%

C. 6%

D. 8%

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Correct Answer: Option D

Explanation:
SI = 21600. R = (21600 × 100)/(54000 × 5) = 8%.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 1458000 amounts to Rs. 1895400 in 3 years is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 437400. R = (437400 × 100)/(1458000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 24628 for 10 years at 7% per annum is

A. Rs. 17739

B. Rs. 17089

C. Rs. 17439

D. Rs. 17239

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Correct Answer: Option D

Explanation:
SI = (24628 * 7 * 10)/100 = 17239.

This question belongs to: Maths Simple Interest

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