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. 5 years

B. 6 years

C. 4 years

D. 7 years

Answer: Option A

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

Simple interest on Rs. 2979000 for 3 years at 71% per annum is

A. Rs. 6350770

B. Rs. 6350170

C. Rs. 6350370

D. Rs. 6350570

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Correct Answer: Option C

Explanation:
SI = (2979000 × 71 × 3)/100 = 6350370.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 24500 for 3 years at 9% is

A. Rs. 6415

B. Rs. 6815

C. Rs. 7015

D. Rs. 6615

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Correct Answer: Option D

Explanation:
SI = (24500 * 9 * 3)/100 = 6615.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 531000 amount to Rs. 743400 at 8% simple interest?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 212400. T = (212400 × 100)/(531000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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