A sum of Rs. 108000 amounts to Rs. 151200 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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

A. 12%

B. 10%

C. 9%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 423000 amount to Rs. 592200 at 8% simple interest?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 169200. T = (169200 × 100)/(423000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

A sum amounts to Rs. 179760 in 5 years at 8% SI. Principal

A. Rs. 134000

B. Rs. 131000

C. Rs. 132000

D. Rs. 133000

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Correct Answer: Option D

Explanation:
SI = 46760. P = 179760 - 46760 = 133000.

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Question #3

A sum at 12% SI for 5 years gives Rs. 7200 interest. Sum

A. Rs. 11000

B. Rs. 10000

C. Rs. 13000

D. Rs. 12000

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Correct Answer: Option D

Explanation:
P = (7200 * 100)/(12 * 5) = 12000.

This question belongs to: Maths Simple Interest

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