A sum of Rs. 1530000 amounts to Rs. 2142000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1530000 amounts to Rs. 2142000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 612000. R = (612000 × 100)/(1530000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 2619000 for 3 years at 63% per annum is

A. Rs. 4952290

B. Rs. 4952090

C. Rs. 4951890

D. Rs. 4951690

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Correct Answer: Option C

Explanation:
SI = (2619000 × 63 × 3)/100 = 4951890.

This question belongs to: Maths Simple Interest

Question #2

Amount after 6 years on Rs. 25000 at 8% SI

A. Rs. 38000

B. Rs. 37000

C. Rs. 36000

D. Rs. 35000

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Correct Answer: Option B

Explanation:
SI = 12000. Amount = 37000.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 828000 amounts to Rs. 1076400 in 3 years is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 248400. R = (248400 × 100)/(828000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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