In how many years will Rs. 2826000 amount to Rs. 3956400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2826000 amount to Rs. 3956400 at 8% simple interest?

A. 6 years

B. 4 years

C. 7 years

D. 5 years

Answer: Option D

Solution (By JKExamLibrary)

SI = 1130400. T = (1130400 × 100)/(2826000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Rate when Rs. 343000 amounts to Rs. 445900 in 3 years

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 102900. R = (102900 * 100)/(343000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2052000 for 2 years at 53% per annum is

A. Rs. 2174920

B. Rs. 2175120

C. Rs. 2175320

D. Rs. 2175520

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Correct Answer: Option B

Explanation:
SI = (2052000 × 53 × 2)/100 = 2175120.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 297000 for 2 years at 14% per annum is

A. Rs. 83360

B. Rs. 83560

C. Rs. 82960

D. Rs. 83160

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Correct Answer: Option D

Explanation:
SI = (297000 × 14 × 2)/100 = 83160.

This question belongs to: Maths Simple Interest

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