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. 9%

B. 10%

C. 12%

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

Simple interest on Rs. 1827000 for 2 years at 48% per annum is

A. Rs. 1753920

B. Rs. 1753720

C. Rs. 1754120

D. Rs. 1754320

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Correct Answer: Option A

Explanation:
SI = (1827000 × 48 × 2)/100 = 1753920.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 4212000 for 2 years at 99% per annum is

A. Rs. 8345760

B. Rs. 8345560

C. Rs. 8345960

D. Rs. 8346160

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Correct Answer: Option A

Explanation:
SI = (4212000 × 99 × 2)/100 = 8345760.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2907000 for 2 years at 72% per annum is

A. Rs. 4186480

B. Rs. 4186280

C. Rs. 4185880

D. Rs. 4186080

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Correct Answer: Option D

Explanation:
SI = (2907000 × 72 × 2)/100 = 4186080.

This question belongs to: Maths Simple Interest

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