In how many years will Rs. 50000 amount to Rs. 70000 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 50000 amount to Rs. 70000 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

Answer: Option A

Solution (By JKExamLibrary)

SI = 20000. T = (20000 × 100)/(50000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 4104000 for 3 years at 96% per annum is

A. Rs. 11819920

B. Rs. 11819520

C. Rs. 11819320

D. Rs. 11819720

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Correct Answer: Option B

Explanation:
SI = (4104000 × 96 × 3)/100 = 11819520.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum of Rs. 378000 amounts to Rs. 529200 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 151200. R = (151200 × 100)/(378000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The rate at which Rs. 4563000 amounts to Rs. 5931900 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1368900. R = (1368900 × 100)/(4563000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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