A sum of Rs. 1350000 amounts to Rs. 1890000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1350000 amounts to Rs. 1890000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 12%

D. 9%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 540000. R = (540000 × 100)/(1350000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 3366000 amount to Rs. 4712400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 1346400. T = (1346400 × 100)/(3366000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 963000 amount to Rs. 1348200 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 385200. T = (385200 × 100)/(963000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1422000 for 2 years at 39% per annum is

A. Rs. 1109160

B. Rs. 1108960

C. Rs. 1109360

D. Rs. 1109560

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Correct Answer: Option A

Explanation:
SI = (1422000 × 39 × 2)/100 = 1109160.

This question belongs to: Maths Simple Interest

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