In how many years will Rs. 819000 amount to Rs. 1146600 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 819000 amount to Rs. 1146600 at 8% simple interest?

A. 6 years

B. 4 years

C. 5 years

D. 7 years

Answer: Option C

Solution (By JKExamLibrary)

SI = 327600. T = (327600 × 100)/(819000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Time for Rs. 140000 at 9% to amount Rs. 196000

A. 6 years

B. 4 years

C. 5 years

D. 3 years

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Correct Answer: Option B

Explanation:
SI = 56000. T = (56000 * 100)/(140000 * 9) = 4 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The simple interest on a certain sum for 5 years at 8% is Rs. 2000. The principal is

A. Rs. 4500

B. Rs. 5500

C. Rs. 6000

D. Rs. 5000

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Correct Answer: Option D

Explanation:
P = (2000 × 100)/(8 × 5) = 5000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum of Rs. 108000 amounts to Rs. 151200 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 43200. R = (43200 × 100)/(108000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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