A sum of Rs. 126000 amounts to Rs. 176400 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 126000 amounts to Rs. 176400 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 50400. R = (50400 × 100)/(126000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 387000 for 2 years at 16% per annum is

A. Rs. 124040

B. Rs. 123840

C. Rs. 123640

D. Rs. 124240

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Correct Answer: Option B

Explanation:
SI = (387000 × 16 × 2)/100 = 123840.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 3699000 for 3 years at 87% per annum is

A. Rs. 9653490

B. Rs. 9653890

C. Rs. 9653690

D. Rs. 9653290

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Correct Answer: Option A

Explanation:
SI = (3699000 × 87 × 3)/100 = 9653490.

This question belongs to: Maths Simple Interest

Question #3

Rate for Rs. 133000 to Rs. 172900 in 4 years SI

A. 9%

B. 7.5%

C. 6%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 39900. R = (39900 * 100)/(133000 * 4) = 7.5%.

This question belongs to: Maths Simple Interest

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