A sum of Rs. 1575000 amounts to Rs. 2205000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1575000 amounts to Rs. 2205000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 12%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 630000. R = (630000 × 100)/(1575000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 75600 interest in 6 years at 7% SI is

A. Rs. 180000

B. Rs. 181000

C. Rs. 179000

D. Rs. 178000

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Correct Answer: Option A

Explanation:
P = (75600 × 100)/(7 × 6) = 180000.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 2556000 amount to Rs. 3578400 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 = 1022400. T = (1022400 × 100)/(2556000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 24628 for 10 years at 7% per annum is

A. Rs. 17239

B. Rs. 17089

C. Rs. 17439

D. Rs. 17739

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Correct Answer: Option A

Explanation:
SI = (24628 * 7 * 10)/100 = 17239.

This question belongs to: Maths Simple Interest

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