In how many years will Rs. 2331000 amount to Rs. 3263400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2331000 amount to Rs. 3263400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

Answer: Option B

Solution (By JKExamLibrary)

SI = 932400. T = (932400 × 100)/(2331000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Time for Rs. 35000 at 9% SI to amount Rs. 50750

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 15750. T = (15750 * 100)/(35000 * 9) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Years for Rs. 434000 at 12% to give Rs. 312480 interest

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option D

Explanation:
T = (312480 * 100)/(434000 * 12) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

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

A. 5 years

B. 4 years

C. 6 years

D. 7 years

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Correct Answer: Option A

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

This question belongs to: Maths Simple Interest

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