In how many years will Rs. 3546000 amount to Rs. 4964400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3546000 amount to Rs. 4964400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

Answer: Option C

Solution (By JKExamLibrary)

SI = 1418400. T = (1418400 × 100)/(3546000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

A sum of Rs. 30000 amounts to Rs. 42000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 12000. R = (12000 × 100)/(30000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

At what rate percent will Rs. 45000 give Rs. 13500 interest in 5 years?

A. 6%

B. 7%

C. 8%

D. 5%

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Correct Answer: Option A

Explanation:
R = (13500 × 100)/(45000 × 5) = 6%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 45000 amounts to Rs. 58500 in 3 years is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 13500. R = (13500 × 100)/(45000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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