In how many years will Rs. 2556000 amount to Rs. 3578400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2556000 amount to Rs. 3578400 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

Answer: Option B

Solution (By JKExamLibrary)

SI = 1022400. T = (1022400 × 100)/(2556000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 522000 for 2 years at 19% per annum is

A. Rs. 198160

B. Rs. 198560

C. Rs. 198360

D. Rs. 198760

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Correct Answer: Option C

Explanation:
SI = (522000 × 19 × 2)/100 = 198360.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Time for Rs. 77000 at 9% to amount Rs. 107800

A. 6 years

B. 4 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 30800. T = (30800 * 100)/(77000 * 9) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 639000 amount to Rs. 894600 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 255600. T = (255600 × 100)/(639000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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