In how many years will Rs. 2646000 amount to Rs. 3704400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2646000 amount to Rs. 3704400 at 8% simple interest?

A. 6 years

B. 7 years

C. 5 years

D. 4 years

Answer: Option C

Solution (By JKExamLibrary)

SI = 1058400. T = (1058400 × 100)/(2646000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 2763000 amounts to Rs. 3591900 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 828900. R = (828900 × 100)/(2763000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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

A. 10%

B. 12%

C. 8%

D. 9%

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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 #3

Simple interest on Rs. 3267000 for 2 years at 80% per annum is

A. Rs. 5227200

B. Rs. 5227400

C. Rs. 5227600

D. Rs. 5227000

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Correct Answer: Option A

Explanation:
SI = (3267000 × 80 × 2)/100 = 5227200.

This question belongs to: Maths Simple Interest

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