A sum of Rs. 1845000 amounts to Rs. 2583000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1845000 amounts to Rs. 2583000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 738000. R = (738000 × 100)/(1845000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 288000 amounts to Rs. 403200 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 115200. R = (115200 × 100)/(288000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 4942800 interest in 9 years at 20% SI is

A. Rs. 2747000

B. Rs. 2746000

C. Rs. 2744000

D. Rs. 2745000

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Correct Answer: Option B

Explanation:
P = (4942800 × 100)/(20 × 9) = 2746000.

This question belongs to: Maths Simple Interest

Question #3

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The principal that gives Rs. 1747200 interest in 8 years at 16% SI is

A. Rs. 1365000

B. Rs. 1364000

C. Rs. 1363000

D. Rs. 1366000

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Correct Answer: Option A

Explanation:
P = (1747200 × 100)/(16 × 8) = 1365000.

This question belongs to: Maths Simple Interest

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