In how many years will Rs. 801000 amount to Rs. 1121400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 801000 amount to Rs. 1121400 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 320400. T = (320400 × 100)/(801000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 81000 amount to Rs. 113400 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 32400. T = (32400 × 100)/(81000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 432000 amounts to Rs. 604800 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 172800. R = (172800 × 100)/(432000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 1836000 amount to Rs. 2570400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 734400. T = (734400 × 100)/(1836000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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