In how many years will Rs. 999000 amount to Rs. 1398600 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 999000 amount to Rs. 1398600 at 8% simple interest?

A. 6 years

B. 4 years

C. 7 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 399600. T = (399600 × 100)/(999000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The simple interest on a sum for 3 years at 10% is Rs. 9000. The principal is

A. Rs. 30000

B. Rs. 31000

C. Rs. 29000

D. Rs. 28000

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Correct Answer: Option A

Explanation:
P = (9000 × 100)/(10 × 3) = 30000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 765000 for 2 years at 27% per annum is

A. Rs. 413100

B. Rs. 413300

C. Rs. 413500

D. Rs. 412900

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Correct Answer: Option A

Explanation:
SI = (765000 × 27 × 2)/100 = 413100.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 1234800 interest in 9 years at 13% SI is

A. Rs. 1056000

B. Rs. 1054000

C. Rs. 1057000

D. Rs. 1055000

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Correct Answer: Option A

Explanation:
P = (1234800 × 100)/(13 × 9) = 1056000.

This question belongs to: Maths Simple Interest

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