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. 9%

D. 10%

Answer: Option D

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

Time for Rs. 48000 at 8% to amount Rs. 67200

A. 4 years

B. 6 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 19200. T = (19200 * 100)/(48000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

SI on Rs. 73500 for 2 years at 11%

A. Rs. 16570

B. Rs. 16170

C. Rs. 16370

D. Rs. 15970

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Correct Answer: Option B

Explanation:
SI = (73500 * 11 * 2)/100 = 16170.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 1935000 amounts to Rs. 2709000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 774000. R = (774000 × 100)/(1935000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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