In how many years will Rs. 603000 amount to Rs. 844200 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 603000 amount to Rs. 844200 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 241200. T = (241200 × 100)/(603000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Time for Rs. 18000 to amount Rs. 25200 at 8% SI

A. 5 years

B. 4 years

C. 7 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 7200. T = (7200 * 100)/(18000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 1575000 amounts to Rs. 2205000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 630000. R = (630000 × 100)/(1575000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 178500 for 4 years at 10%

A. Rs. 71600

B. Rs. 71400

C. Rs. 71800

D. Rs. 71200

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Correct Answer: Option B

Explanation:
SI = (178500 * 10 * 4)/100 = 71400.

This question belongs to: Maths Simple Interest

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