A sum of Rs. 2520000 amounts to Rs. 3528000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2520000 amounts to Rs. 3528000 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 = 1008000. R = (1008000 × 100)/(2520000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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The simple interest on a certain sum for 4 years at 8% is Rs. 640. The principal is

A. Rs. 1800

B. Rs. 2200

C. Rs. 2500

D. Rs. 2000

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Correct Answer: Option D

Explanation:
P = (640 × 100)/(8 × 4) = 2000.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 801000 amount to Rs. 1121400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 320400. T = (320400 × 100)/(801000 × 8) = 5 years.

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Question #3

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In how many years will Rs. 40000 amount to Rs. 56000 at 10% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 3 years

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Correct Answer: Option A

Explanation:
SI = 16000. T = (16000 × 100)/(40000 × 10) = 4 years.

This question belongs to: Maths Simple Interest

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