A sum of Rs. 19135 amounts to Rs. 28702 in 10 years at simple interest. Rate is MCQ with Answer and Explanation

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A sum of Rs. 19135 amounts to Rs. 28702 in 10 years at simple interest. Rate is

A. 4%

B. 5%

C. 7%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 9567. R = (9567 * 100)/(19135 * 10) = 5%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 3447000 for 2 years at 84% per annum is

A. Rs. 5791360

B. Rs. 5790960

C. Rs. 5790760

D. Rs. 5791160

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Correct Answer: Option B

Explanation:
SI = (3447000 × 84 × 2)/100 = 5790960.

This question belongs to: Maths Simple Interest

Question #2

Rate for Rs. 273000 to Rs. 354900 in 3 years SI

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 81900. R = (81900 * 100)/(273000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The simple interest on a certain sum for 5 years at 8% is Rs. 2000. The principal is

A. Rs. 6000

B. Rs. 5000

C. Rs. 4500

D. Rs. 5500

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Correct Answer: Option B

Explanation:
P = (2000 × 100)/(8 × 5) = 5000.

This question belongs to: Maths Simple Interest

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