In how many years will Rs. 54000 amount to Rs. 75600 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 54000 amount to Rs. 75600 at 8% simple interest?

A. 4 years

B. 7 years

C. 5 years

D. 6 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 21600. T = (21600 × 100)/(54000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 2799000 for 3 years at 67% per annum is

A. Rs. 5629330

B. Rs. 5629130

C. Rs. 5628730

D. Rs. 5628930

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Correct Answer: Option D

Explanation:
SI = (2799000 × 67 × 3)/100 = 5628930.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 324000 amounts to Rs. 421200 in 3 years is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 97200. R = (97200 × 100)/(324000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Rate if Rs. 45000 gives Rs. 13500 SI in 5 years

A. 5%

B. 7%

C. 8%

D. 6%

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Correct Answer: Option D

Explanation:
R = (13500 * 100)/(45000 * 5) = 6%.

This question belongs to: Maths Simple Interest

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