In how many years will Rs. 2916000 amount to Rs. 4082400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 2916000 amount to Rs. 4082400 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

Answer: Option A

Solution (By JKExamLibrary)

SI = 1166400. T = (1166400 × 100)/(2916000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

A sum of Rs. 1350000 amounts to Rs. 1890000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 540000. R = (540000 × 100)/(1350000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 1116000 amount to Rs. 1562400 at 8% simple interest?

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 446400. T = (446400 × 100)/(1116000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The principal that gives Rs. 4057200 interest in 8 years at 21% SI is

A. Rs. 2414000

B. Rs. 2413000

C. Rs. 2416000

D. Rs. 2415000

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Correct Answer: Option D

Explanation:
P = (4057200 × 100)/(21 × 8) = 2415000.

This question belongs to: Maths Simple Interest

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