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. 8%

B. 10%

C. 9%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 3978000 amounts to Rs. 5171400 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 1193400. R = (1193400 × 100)/(3978000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 15292800 interest in 8 years at 42% SI is

A. Rs. 4551000

B. Rs. 4549000

C. Rs. 4548000

D. Rs. 4550000

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Correct Answer: Option D

Explanation:
P = (15292800 × 100)/(42 × 8) = 4550000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 12000 for 2 years at 7% per annum is

A. Rs. 1800

B. Rs. 2100

C. Rs. 1500

D. Rs. 1680

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Correct Answer: Option D

Explanation:
SI = (12000 × 7 × 2)/100 = 1680.

This question belongs to: Maths Simple Interest

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