In how many years will Rs. 981000 amount to Rs. 1373400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 981000 amount to Rs. 1373400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

Answer: Option B

Solution (By JKExamLibrary)

SI = 392400. T = (392400 × 100)/(981000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Question #1

Rate when Rs. 455000 amounts to Rs. 591500 in 3 years

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 136500. R = (136500 * 100)/(455000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 324000 for 3 years at 12% per annum is

A. Rs. 116440

B. Rs. 117040

C. Rs. 116840

D. Rs. 116640

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Correct Answer: Option D

Explanation:
SI = (324000 × 12 × 3)/100 = 116640.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 414000 amounts to Rs. 538200 in 3 years is

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 124200. R = (124200 × 100)/(414000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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