In how many years will Rs. 63000 amount to Rs. 88200 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 63000 amount to Rs. 88200 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 = 25200. T = (25200 × 100)/(63000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 7516800 interest in 9 years at 24% SI is

A. Rs. 3481000

B. Rs. 3480000

C. Rs. 3478000

D. Rs. 3479000

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Correct Answer: Option B

Explanation:
P = (7516800 × 100)/(24 × 9) = 3480000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 612000 for 3 years at 20% per annum is

A. Rs. 367400

B. Rs. 367600

C. Rs. 367200

D. Rs. 367000

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Correct Answer: Option C

Explanation:
SI = (612000 × 20 × 3)/100 = 367200.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 3168000 amounts to Rs. 4118400 in 3 years is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 950400. R = (950400 × 100)/(3168000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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