In how many years will Rs. 2286000 amount to Rs. 3200400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2286000 amount to Rs. 3200400 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

Answer: Option A

Solution (By JKExamLibrary)

SI = 914400. T = (914400 × 100)/(2286000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

A sum of Rs. 2925000 amounts to Rs. 4095000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 9%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 1170000. R = (1170000 × 100)/(2925000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The principal that gives Rs. 32032 interest in 8 years at 9% SI is

A. Rs. 43490

B. Rs. 43990

C. Rs. 44490

D. Rs. 45290

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Correct Answer: Option C

Explanation:
P = (32032 * 100)/(9 * 8) = 44490.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The principal that gives Rs. 9514800 interest in 8 years at 32% SI is

A. Rs. 3710500

B. Rs. 3712500

C. Rs. 3713500

D. Rs. 3711500

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Correct Answer: Option B

Explanation:
P = (9514800 × 100)/(32 × 8) = 3712500.

This question belongs to: Maths Simple Interest

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