In how many years will Rs. 936000 amount to Rs. 1310400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 936000 amount to Rs. 1310400 at 8% simple interest?

A. 6 years

B. 4 years

C. 7 years

D. 5 years

Answer: Option D

Solution (By JKExamLibrary)

SI = 374400. T = (374400 × 100)/(936000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

SI on Rs. 199500 for 5 years at 5%

A. Rs. 50075

B. Rs. 49875

C. Rs. 49675

D. Rs. 50275

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Correct Answer: Option B

Explanation:
SI = (199500 * 5 * 5)/100 = 49875.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 2331000 amount to Rs. 3263400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 932400. T = (932400 × 100)/(2331000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 3024000 for 3 years at 72% per annum is

A. Rs. 6533760

B. Rs. 6533960

C. Rs. 6534160

D. Rs. 6533560

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Correct Answer: Option A

Explanation:
SI = (3024000 × 72 × 3)/100 = 6533760.

This question belongs to: Maths Simple Interest

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