In how many years will Rs. 981000 amount to Rs. 1373400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 981000 amount to Rs. 1373400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 392400. T = (392400 × 100)/(981000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 4347000 for 2 years at 102% per annum is

A. Rs. 8867880

B. Rs. 8867680

C. Rs. 8868080

D. Rs. 8868280

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Correct Answer: Option A

Explanation:
SI = (4347000 × 102 × 2)/100 = 8867880.

This question belongs to: Maths Simple Interest

Question #2

In how many years Rs. 24000 will amount to Rs. 33600 at 8% SI?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 9600. T = (9600 × 100)/(24000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Rate for Rs. 161000 to Rs. 209300 in 3 years SI

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 48300. R = (48300 * 100)/(161000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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