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. 10%

B. 7%

C. 6%

D. 8%

Answer: Option D

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

A sum amounts to Rs. 141120 in 6 years at 8% SI. Principal

A. Rs. 97000

B. Rs. 98000

C. Rs. 99000

D. Rs. 96000

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Correct Answer: Option B

Explanation:
SI = 43120. P = 141120 - 43120 = 98000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 31245 for 5 years at 6% per annum is

A. Rs. 9173

B. Rs. 9373

C. Rs. 9773

D. Rs. 9573

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Correct Answer: Option B

Explanation:
SI = (31245 * 6 * 5)/100 = 9373.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 1053000 amounts to Rs. 1368900 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 315900. R = (315900 × 100)/(1053000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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