In how many years will Rs. 2691000 amount to Rs. 3767400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2691000 amount to Rs. 3767400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

Answer: Option A

Solution (By JKExamLibrary)

SI = 1076400. T = (1076400 × 100)/(2691000 × 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. 4599000 for 3 years at 107% per annum is

A. Rs. 14767510

B. Rs. 14768110

C. Rs. 14767910

D. Rs. 14767710

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Correct Answer: Option D

Explanation:
SI = (4599000 × 107 × 3)/100 = 14767710.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Time for Rs. 168000 at 6% to amount Rs. 235200

A. 8 years

B. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option D

Explanation:
SI = 67200. T = (67200 * 100)/(168000 * 6) = 7 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Rate when Rs. 126000 amounts to Rs. 163800 in 3 years

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 37800. R = (37800 * 100)/(126000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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