In how many years will Rs. 117000 amount to Rs. 163800 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 117000 amount to Rs. 163800 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

Answer: Option A

Solution (By JKExamLibrary)

SI = 46800. T = (46800 × 100)/(117000 × 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. 882000 for 2 years at 27% per annum is

A. Rs. 476480

B. Rs. 476080

C. Rs. 476680

D. Rs. 476280

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Correct Answer: Option D

Explanation:
SI = (882000 × 27 × 2)/100 = 476280.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum of Rs. 1350000 amounts to Rs. 1890000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 540000. R = (540000 × 100)/(1350000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 1656000 amount to Rs. 2318400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 662400. T = (662400 × 100)/(1656000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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