In how many years will Rs. 3816000 amount to Rs. 5342400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3816000 amount to Rs. 5342400 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

Answer: Option B

Solution (By JKExamLibrary)

SI = 1526400. T = (1526400 × 100)/(3816000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 72000 amounts to Rs. 93600 in 3 years is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 21600. R = (21600 × 100)/(72000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 126000 amount to Rs. 176400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 50400. T = (50400 × 100)/(126000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Principal for Rs. 134400 interest in 8 years at 12%

A. Rs. 139000

B. Rs. 138000

C. Rs. 140000

D. Rs. 141000

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Correct Answer: Option C

Explanation:
P = (134400 * 100)/(12 * 8) = 140000.

This question belongs to: Maths Simple Interest

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