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. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

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

The principal that gives Rs. 18450 interest in 6 years at 5% SI is

A. Rs. 61500

B. Rs. 59500

C. Rs. 62500

D. Rs. 60500

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Correct Answer: Option A

Explanation:
P = (18450 * 100)/(5 * 6) = 61500.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 30000 amounts to Rs. 42000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 12000. R = (12000 × 100)/(30000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 1134000 interest in 9 years at 12% SI is

A. Rs. 1049000

B. Rs. 1051000

C. Rs. 1048000

D. Rs. 1050000

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Correct Answer: Option D

Explanation:
P = (1134000 × 100)/(12 × 9) = 1050000.

This question belongs to: Maths Simple Interest

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