In how many years will Rs. 1476000 amount to Rs. 2066400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1476000 amount to Rs. 2066400 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

Answer: Option C

Solution (By JKExamLibrary)

SI = 590400. T = (590400 × 100)/(1476000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 1377000 for 2 years at 38% per annum is

A. Rs. 1046520

B. Rs. 1046920

C. Rs. 1046720

D. Rs. 1046320

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Correct Answer: Option A

Explanation:
SI = (1377000 × 38 × 2)/100 = 1046520.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 12412800 interest in 8 years at 38% SI is

A. Rs. 4081000

B. Rs. 4080000

C. Rs. 4078000

D. Rs. 4079000

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Correct Answer: Option B

Explanation:
P = (12412800 × 100)/(38 × 8) = 4080000.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 315000 amounts to Rs. 441000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 126000. R = (126000 × 100)/(315000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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