In how many years will Rs. 243000 amount to Rs. 340200 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 243000 amount to Rs. 340200 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

Answer: Option C

Solution (By JKExamLibrary)

SI = 97200. T = (97200 × 100)/(243000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

The rate at which Rs. 3753000 amounts to Rs. 4878900 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1125900. R = (1125900 × 100)/(3753000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The rate at which Rs. 7200 amounts to Rs. 9360 in 5 years is

A. 5%

B. 4%

C. 6%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 2160. R = (2160 × 100)/(7200 × 5) = 6%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Rate for Rs. 161000 to Rs. 209300 in 3 years SI

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 48300. R = (48300 * 100)/(161000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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