In how many years will Rs. 495000 amount to Rs. 693000 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 495000 amount to Rs. 693000 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 198000. T = (198000 × 100)/(495000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 4293000 amounts to Rs. 5580900 in 3 years is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 1287900. R = (1287900 × 100)/(4293000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 2295000 amounts to Rs. 3213000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 918000. R = (918000 × 100)/(2295000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3231000 amount to Rs. 4523400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1292400. T = (1292400 × 100)/(3231000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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