A sum of Rs. 1440000 amounts to Rs. 2016000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1440000 amounts to Rs. 2016000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 576000. R = (576000 × 100)/(1440000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The simple interest on a sum for 3 years at 10% is Rs. 9000. The principal is

A. Rs. 30000

B. Rs. 31000

C. Rs. 28000

D. Rs. 29000

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Correct Answer: Option A

Explanation:
P = (9000 × 100)/(10 × 3) = 30000.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 4050000 amounts to Rs. 5670000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1620000. R = (1620000 × 100)/(4050000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 3420000 amounts to Rs. 4788000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1368000. R = (1368000 × 100)/(3420000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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