A sum of Rs. 1125000 amounts to Rs. 1575000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1125000 amounts to Rs. 1575000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 12%

D. 9%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 450000. R = (450000 × 100)/(1125000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 2061000 amount to Rs. 2885400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 824400. T = (824400 × 100)/(2061000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 1548000 amounts to Rs. 2012400 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 464400. R = (464400 × 100)/(1548000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 1476000 amount to Rs. 2066400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 590400. T = (590400 × 100)/(1476000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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