In how many years will Rs. 4401000 amount to Rs. 6161400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 4401000 amount to Rs. 6161400 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1760400. T = (1760400 × 100)/(4401000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 4762800 interest in 8 years at 23% SI is

A. Rs. 2588000

B. Rs. 2589000

C. Rs. 2591000

D. Rs. 2590000

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Correct Answer: Option D

Explanation:
P = (4762800 × 100)/(23 × 8) = 2590000.

This question belongs to: Maths Simple Interest

Question #2

A sum doubles in 8 years at simple interest. Rate is

A. 15%

B. 12.5%

C. 10%

D. 8%

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Correct Answer: Option B

Explanation:
R = 100/8 = 12.5%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 3654000 for 3 years at 86% per annum is

A. Rs. 9433720

B. Rs. 9433120

C. Rs. 9433320

D. Rs. 9433520

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Correct Answer: Option C

Explanation:
SI = (3654000 × 86 × 3)/100 = 9433320.

This question belongs to: Maths Simple Interest

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