A sum of Rs. 1485000 amounts to Rs. 2079000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1485000 amounts to Rs. 2079000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 594000. R = (594000 × 100)/(1485000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 3798000 amounts to Rs. 4937400 in 3 years is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1139400. R = (1139400 × 100)/(3798000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 4635000 amounts to Rs. 6489000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 1854000. R = (1854000 × 100)/(4635000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3141000 amount to Rs. 4397400 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 = 1256400. T = (1256400 × 100)/(3141000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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