A sum of Rs. 13500 becomes Rs. 18900 in 6 years at simple interest. Rate is MCQ with Answer and Explanation

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A sum of Rs. 13500 becomes Rs. 18900 in 6 years at simple interest. Rate is

A. 7%

B. 8%

C. 6%

D. 10%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 5400. R = (5400 * 100)/(13500 * 6) = 8%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal giving Rs. 571200 SI in 8 years at 13%

A. Rs. 549000

B. Rs. 548000

C. Rs. 551000

D. Rs. 550000

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Correct Answer: Option D

Explanation:
P = (571200 * 100)/(13 * 8) = 550000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 288000 for 3 years at 11% per annum is

A. Rs. 95240

B. Rs. 95040

C. Rs. 95440

D. Rs. 94840

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Correct Answer: Option B

Explanation:
SI = (288000 × 11 × 3)/100 = 95040.

This question belongs to: Maths Simple Interest

Question #3

The principal giving Rs. 117600 SI in 7 years at 12%

A. Rs. 140000

B. Rs. 141000

C. Rs. 139000

D. Rs. 138000

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Correct Answer: Option A

Explanation:
P = (117600 * 100)/(12 * 7) = 140000.

This question belongs to: Maths Simple Interest

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