A sum of Rs. 225000 amounts to Rs. 315000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 225000 amounts to Rs. 315000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 90000. R = (90000 × 100)/(225000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1287000 for 2 years at 36% per annum is

A. Rs. 926840

B. Rs. 926440

C. Rs. 927040

D. Rs. 926640

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Correct Answer: Option D

Explanation:
SI = (1287000 × 36 × 2)/100 = 926640.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 226800 interest in 7 years at 8% SI is

A. Rs. 406000

B. Rs. 405000

C. Rs. 403000

D. Rs. 404000

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Correct Answer: Option B

Explanation:
P = (226800 × 100)/(8 × 7) = 405000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2484000 for 3 years at 60% per annum is

A. Rs. 4471000

B. Rs. 4471200

C. Rs. 4471600

D. Rs. 4471400

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Correct Answer: Option B

Explanation:
SI = (2484000 × 60 × 3)/100 = 4471200.

This question belongs to: Maths Simple Interest

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