In how many years will Rs. 216000 amount to Rs. 302400 at 8% simple interest? MCQ with Answer and Explanation

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

A. 4 years

B. 7 years

C. 6 years

D. 5 years

Answer: Option D

Solution (By JKExamLibrary)

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

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Years for Rs. 378000 at 11% to give Rs. 249480 interest

A. 5 years

B. 7 years

C. 6 years

D. 4 years

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Correct Answer: Option C

Explanation:
T = (249480 * 100)/(378000 * 11) = 6 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum of Rs. 1215000 amounts to Rs. 1701000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 486000. R = (486000 × 100)/(1215000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 333000 for 2 years at 15% per annum is

A. Rs. 100300

B. Rs. 99900

C. Rs. 100100

D. Rs. 99700

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Correct Answer: Option B

Explanation:
SI = (333000 × 15 × 2)/100 = 99900.

This question belongs to: Maths Simple Interest

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