In how many years will Rs. 126000 amount to Rs. 176400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 126000 amount to Rs. 176400 at 8% simple interest?

A. 6 years

B. 4 years

C. 5 years

D. 7 years

Answer: Option C

Solution (By JKExamLibrary)

SI = 50400. T = (50400 × 100)/(126000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 14040000 interest in 8 years at 41% SI is

A. Rs. 4274000

B. Rs. 4276000

C. Rs. 4273000

D. Rs. 4275000

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Correct Answer: Option D

Explanation:
P = (14040000 × 100)/(41 × 8) = 4275000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 585000 for 2 years at 22% per annum is

A. Rs. 257800

B. Rs. 257200

C. Rs. 257400

D. Rs. 257600

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Correct Answer: Option C

Explanation:
SI = (585000 × 22 × 2)/100 = 257400.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 77000 at 9% to amount Rs. 107800

A. 5 years

B. 4 years

C. 7 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 30800. T = (30800 * 100)/(77000 * 9) = 5 years.

This question belongs to: Maths Simple Interest

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