A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is MCQ with Answer and Explanation

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A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is

A. Rs. 698

B. Rs. 700

C. Rs. 720

D. Rs. 650

Answer: Option A

Solution (By JKSSB Mock Tests)

Difference for 1 year = 39. SI for 3 years = 117. Principal = 815 - 117 = 698.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The rate at which Rs. 333000 amounts to Rs. 432900 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 99900. R = (99900 × 100)/(333000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 12412800 interest in 8 years at 38% SI is

A. Rs. 4080000

B. Rs. 4081000

C. Rs. 4079000

D. Rs. 4078000

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Correct Answer: Option A

Explanation:
P = (12412800 × 100)/(38 × 8) = 4080000.

This question belongs to: Maths Simple Interest

Question #3

Rate for Rs. 161000 to Rs. 209300 in 3 years SI

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 48300. R = (48300 * 100)/(161000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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