In how many years will Rs. 621000 amount to Rs. 869400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 621000 amount to Rs. 869400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

Answer: Option D

Solution (By JKExamLibrary)

SI = 248400. T = (248400 × 100)/(621000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

The principal giving Rs. 117600 SI in 7 years at 12%

A. Rs. 141000

B. Rs. 138000

C. Rs. 139000

D. Rs. 140000

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Correct Answer: Option D

Explanation:
P = (117600 * 100)/(12 * 7) = 140000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 1224000 for 3 years at 32% per annum is

A. Rs. 1175440

B. Rs. 1175240

C. Rs. 1175040

D. Rs. 1174840

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Correct Answer: Option C

Explanation:
SI = (1224000 × 32 × 3)/100 = 1175040.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 3537000 for 2 years at 86% per annum is

A. Rs. 6088440

B. Rs. 6088840

C. Rs. 6088240

D. Rs. 6088640

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Correct Answer: Option A

Explanation:
SI = (3537000 × 86 × 2)/100 = 6088440.

This question belongs to: Maths Simple Interest

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