Time for Rs. 196000 at 7% to amount Rs. 274400 MCQ with Answer and Explanation

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Time for Rs. 196000 at 7% to amount Rs. 274400

A. 6 years

B. 7 years

C. 5 years

D. 4 years

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 78400. T = (78400 * 100)/(196000 * 7) = 6 years.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of money triples itself in 20 years at simple interest. The rate is

A. 15%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 2P. R = (200 × 100)/(P × 20) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 1134000 interest in 9 years at 12% SI is

A. Rs. 1051000

B. Rs. 1048000

C. Rs. 1050000

D. Rs. 1049000

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Correct Answer: Option C

Explanation:
P = (1134000 × 100)/(12 × 9) = 1050000.

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Question #3

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The principal that gives Rs. 11217600 interest in 8 years at 36% SI is

A. Rs. 3885500

B. Rs. 3887500

C. Rs. 3886500

D. Rs. 3888500

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Correct Answer: Option B

Explanation:
P = (11217600 × 100)/(36 × 8) = 3887500.

This question belongs to: Maths Simple Interest

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