In how many years will Rs. 3861000 amount to Rs. 5405400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3861000 amount to Rs. 5405400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

Answer: Option D

Solution (By JKExamLibrary)

SI = 1544400. T = (1544400 × 100)/(3861000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 2088000 amounts to Rs. 2714400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 626400. R = (626400 × 100)/(2088000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 14364000 interest in 9 years at 35% SI is

A. Rs. 4551000

B. Rs. 4550000

C. Rs. 4548000

D. Rs. 4549000

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Correct Answer: Option B

Explanation:
P = (14364000 × 100)/(35 × 9) = 4550000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 4239000 for 3 years at 99% per annum is

A. Rs. 12596130

B. Rs. 12596530

C. Rs. 12595930

D. Rs. 12596330

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Correct Answer: Option A

Explanation:
SI = (4239000 × 99 × 3)/100 = 12596130.

This question belongs to: Maths Simple Interest

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