In how many years will Rs. 45000 amount to Rs. 63000 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 45000 amount to Rs. 63000 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 18000. T = (18000 × 100)/(45000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

A sum of Rs. 630000 amounts to Rs. 882000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 252000. R = (252000 × 100)/(630000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 1296000 amount to Rs. 1814400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 518400. T = (518400 × 100)/(1296000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Rate when Rs. 25000 amounts to Rs. 32500 in 3 years SI

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 7500. R = (7500 * 100)/(25000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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