Years for Rs. 56000 at 5% to give Rs. 16800 interest MCQ with Answer and Explanation

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Years for Rs. 56000 at 5% to give Rs. 16800 interest

A. 6 years

B. 5 years

C. 7 years

D. 4 years

Answer: Option A

Solution (By JKSSB Mock Tests)

T = (16800 * 100)/(56000 * 5) = 6 years.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 1521000 amount to Rs. 2129400 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 608400. T = (608400 × 100)/(1521000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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Rate when Rs. 371000 amounts to Rs. 482300 in 3 years

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 111300. R = (111300 * 100)/(371000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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The sum that amounts to Rs. 20400 in 5 years at 6% SI

A. Rs. 13600

B. Rs. 16600

C. Rs. 14600

D. Rs. 15600

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Correct Answer: Option D

Explanation:
SI = 4800. P = 20400 - 4800 = 15600.

This question belongs to: Maths Simple Interest

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