A sum of Rs. 1890000 amounts to Rs. 2646000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1890000 amounts to Rs. 2646000 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 = 756000. R = (756000 × 100)/(1890000 × 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. 126000 amount to Rs. 176400 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 50400. T = (50400 × 100)/(126000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 1197000 for 2 years at 34% per annum is

A. Rs. 814160

B. Rs. 813960

C. Rs. 814360

D. Rs. 813760

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Correct Answer: Option B

Explanation:
SI = (1197000 × 34 × 2)/100 = 813960.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 801000 for 2 years at 28% per annum is

A. Rs. 448960

B. Rs. 448760

C. Rs. 448560

D. Rs. 448360

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Correct Answer: Option C

Explanation:
SI = (801000 × 28 × 2)/100 = 448560.

This question belongs to: Maths Simple Interest

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