In how many years will Rs. 891000 amount to Rs. 1247400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 891000 amount to Rs. 1247400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 356400. T = (356400 × 100)/(891000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 21202 interest in 7 years at 8% SI is

A. Rs. 37862

B. Rs. 37362

C. Rs. 36862

D. Rs. 38662

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Correct Answer: Option A

Explanation:
P = (21202 * 100)/(8 * 7) = 37862.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 522000 for 2 years at 19% per annum is

A. Rs. 198360

B. Rs. 198560

C. Rs. 198160

D. Rs. 198760

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Correct Answer: Option A

Explanation:
SI = (522000 × 19 × 2)/100 = 198360.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 20700 for 5 years at 11% per annum is

A. Rs. 11185

B. Rs. 11385

C. Rs. 11585

D. Rs. 11785

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Correct Answer: Option B

Explanation:
SI = (20700 × 11 × 5)/100 = 11385.

This question belongs to: Maths Simple Interest

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