In how many years will Rs. 1926000 amount to Rs. 2696400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 1926000 amount to Rs. 2696400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

Answer: Option C

Solution (By JKExamLibrary)

SI = 770400. T = (770400 × 100)/(1926000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 216000 amount to Rs. 302400 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 86400. T = (86400 × 100)/(216000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 108000 for 4 years at 6% per annum is

A. Rs. 26120

B. Rs. 25920

C. Rs. 25720

D. Rs. 26320

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Correct Answer: Option B

Explanation:
SI = (108000 × 6 × 4)/100 = 25920.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3546000 amount to Rs. 4964400 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 1418400. T = (1418400 × 100)/(3546000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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