In how many years will Rs. 927000 amount to Rs. 1297800 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 927000 amount to Rs. 1297800 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 370800. T = (370800 × 100)/(927000 × 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. 297000 for 2 years at 14% per annum is

A. Rs. 83560

B. Rs. 82960

C. Rs. 83160

D. Rs. 83360

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Correct Answer: Option C

Explanation:
SI = (297000 × 14 × 2)/100 = 83160.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 162000 for 2 years at 10% per annum is

A. Rs. 32200

B. Rs. 32800

C. Rs. 32600

D. Rs. 32400

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Correct Answer: Option D

Explanation:
SI = (162000 × 10 × 2)/100 = 32400.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 4050000 amounts to Rs. 5670000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 1620000. R = (1620000 × 100)/(4050000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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