In how many years will Rs. 1881000 amount to Rs. 2633400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1881000 amount to Rs. 2633400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

Answer: Option A

Solution (By JKExamLibrary)

SI = 752400. T = (752400 × 100)/(1881000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

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

A. 4 years

B. 5 years

C. 7 years

D. 6 years

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Correct Answer: Option B

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

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2223000 amounts to Rs. 2890000 approx in 3 years is adjusted to exact 10%

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 667000 approx, R = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1692000 for 2 years at 45% per annum is

A. Rs. 1523000

B. Rs. 1522800

C. Rs. 1522600

D. Rs. 1523200

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Correct Answer: Option B

Explanation:
SI = (1692000 × 45 × 2)/100 = 1522800.

This question belongs to: Maths Simple Interest

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