A sum of Rs. 1260000 amounts to Rs. 1764000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1260000 amounts to Rs. 1764000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 504000. R = (504000 × 100)/(1260000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 48000 for 5 years at 5% per annum is

A. Rs. 12200

B. Rs. 12400

C. Rs. 12000

D. Rs. 11800

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Correct Answer: Option C

Explanation:
SI = (48000 × 5 × 5)/100 = 12000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 277200 interest in 9 years at 11% SI is

A. Rs. 278000

B. Rs. 279000

C. Rs. 280000

D. Rs. 281000

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Correct Answer: Option C

Explanation:
P = (277200 × 100)/(11 × 9) = 280000.

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Question #3

A sum of Rs. 3555000 amounts to Rs. 4977000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 1422000. R = (1422000 × 100)/(3555000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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