In how many years will Rs. 963000 amount to Rs. 1348200 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 963000 amount to Rs. 1348200 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 = 385200. T = (385200 × 100)/(963000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 2016000 amount to Rs. 2822400 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 806400. T = (806400 × 100)/(2016000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2637000 for 2 years at 66% per annum is

A. Rs. 3481040

B. Rs. 3480640

C. Rs. 3480840

D. Rs. 3481240

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Correct Answer: Option C

Explanation:
SI = (2637000 × 66 × 2)/100 = 3480840.

This question belongs to: Maths Simple Interest

Question #3

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

A. 5 years

B. 7 years

C. 4 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

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