A sum of Rs. 144000 amounts to Rs. 201600 in 5 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 144000 amounts to Rs. 201600 in 5 years at simple interest. The rate is

A. 9%

B. 6%

C. 10%

D. 8%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 57600. R = (57600 × 100)/(144000 × 5) = 8%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 234000 for 3 years at 10% per annum is

A. Rs. 70400

B. Rs. 70600

C. Rs. 70200

D. Rs. 70000

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Correct Answer: Option C

Explanation:
SI = (234000 × 10 × 3)/100 = 70200.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 2025000 amounts to Rs. 2835000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 810000. R = (810000 × 100)/(2025000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 40000 amount to Rs. 56000 at 10% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 3 years

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Correct Answer: Option A

Explanation:
SI = 16000. T = (16000 × 100)/(40000 × 10) = 4 years.

This question belongs to: Maths Simple Interest

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