In how many years will Rs. 1161000 amount to Rs. 1625400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1161000 amount to Rs. 1625400 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

Answer: Option A

Solution (By JKExamLibrary)

SI = 464400. T = (464400 × 100)/(1161000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 56000 for 2 years at 12% per annum is

A. Rs. 13240

B. Rs. 13440

C. Rs. 13640

D. Rs. 13840

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Correct Answer: Option B

Explanation:
SI = (56000 × 12 × 2)/100 = 13440.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 1989000 for 3 years at 49% per annum is

A. Rs. 2924630

B. Rs. 2924230

C. Rs. 2924830

D. Rs. 2924430

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Correct Answer: Option D

Explanation:
SI = (1989000 × 49 × 3)/100 = 2924430.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1269000 for 3 years at 33% per annum is

A. Rs. 1256510

B. Rs. 1256710

C. Rs. 1256310

D. Rs. 1256110

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Correct Answer: Option C

Explanation:
SI = (1269000 × 33 × 3)/100 = 1256310.

This question belongs to: Maths Simple Interest

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