In how many years will Rs. 1566000 amount to Rs. 2192400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1566000 amount to Rs. 2192400 at 8% simple interest?

A. 5 years

B. 6 years

C. 4 years

D. 7 years

Answer: Option A

Solution (By JKExamLibrary)

SI = 626400. T = (626400 × 100)/(1566000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 2133000 amounts to Rs. 2772900 in 3 years is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 639900. R = (639900 × 100)/(2133000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 3159000 for 3 years at 75% per annum is

A. Rs. 7110750

B. Rs. 7110550

C. Rs. 7110950

D. Rs. 7111150

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Correct Answer: Option A

Explanation:
SI = (3159000 × 75 × 3)/100 = 7110750.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 378000 amounts to Rs. 529200 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 151200. R = (151200 × 100)/(378000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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