In how many years will Rs. 621000 amount to Rs. 869400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 621000 amount to Rs. 869400 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 248400. T = (248400 × 100)/(621000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1512000 for 2 years at 41% per annum is

A. Rs. 1240040

B. Rs. 1240240

C. Rs. 1239840

D. Rs. 1239640

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Correct Answer: Option C

Explanation:
SI = (1512000 × 41 × 2)/100 = 1239840.

This question belongs to: Maths Simple Interest

Question #2

Rs. 10000 is lent at 6% per annum simple interest. Interest earned in 5 years is

A. Rs. 3000

B. Rs. 2800

C. Rs. 3200

D. Rs. 2500

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Correct Answer: Option A

Explanation:
SI = (10000 × 6 × 5)/100 = 3000.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 4131000 amount to Rs. 5783400 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 1652400. T = (1652400 × 100)/(4131000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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