A sum of Rs. 2655000 amounts to Rs. 3717000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2655000 amounts to Rs. 3717000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1062000. R = (1062000 × 100)/(2655000 × 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. 3501000 amount to Rs. 4901400 at 8% simple interest?

A. 6 years

B. 4 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1400400. T = (1400400 × 100)/(3501000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 3528000 amounts to Rs. 4586400 in 3 years is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1058400. R = (1058400 × 100)/(3528000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3726000 amount to Rs. 5216400 at 8% simple interest?

A. 7 years

B. 4 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1490400. T = (1490400 × 100)/(3726000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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