A sum of Rs. 180000 amounts to Rs. 252000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 180000 amounts to Rs. 252000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 9%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 72000. R = (72000 × 100)/(180000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 45000 amount to Rs. 63000 at 8% simple interest?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 18000. T = (18000 × 100)/(45000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 1719000 for 3 years at 43% per annum is

A. Rs. 2218210

B. Rs. 2218410

C. Rs. 2218810

D. Rs. 2218610

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Correct Answer: Option B

Explanation:
SI = (1719000 × 43 × 3)/100 = 2218410.

This question belongs to: Maths Simple Interest

Question #3

Rate percent when Rs. 30000 becomes Rs. 39000 in 3 years SI

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 9000. R = (9000 * 100)/(30000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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