In how many years will Rs. 1116000 amount to Rs. 1562400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1116000 amount to Rs. 1562400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

Answer: Option A

Solution (By JKExamLibrary)

SI = 446400. T = (446400 × 100)/(1116000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 20133 for 2 years at 7% per annum is

A. Rs. 2668

B. Rs. 2818

C. Rs. 3318

D. Rs. 3018

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Correct Answer: Option B

Explanation:
SI = (20133 * 7 * 2)/100 = 2818.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The rate at which Rs. 4428000 amounts to Rs. 5756400 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1328400. R = (1328400 × 100)/(4428000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The principal that gives Rs. 907200 interest in 8 years at 13% SI is

A. Rs. 870000

B. Rs. 871000

C. Rs. 868000

D. Rs. 869000

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
P = (907200 × 100)/(13 × 8) = 870000.

This question belongs to: Maths Simple Interest

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