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. 9%

C. 8%

D. 12%

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

Simple interest on Rs. 1584000 for 3 years at 40% per annum is

A. Rs. 1900800

B. Rs. 1901200

C. Rs. 1901000

D. Rs. 1900600

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Correct Answer: Option A

Explanation:
SI = (1584000 × 40 × 3)/100 = 1900800.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 1663200 interest in 9 years at 14% SI is

A. Rs. 1319000

B. Rs. 1318000

C. Rs. 1320000

D. Rs. 1321000

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Correct Answer: Option C

Explanation:
P = (1663200 × 100)/(14 × 9) = 1320000.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 3960000 amounts to Rs. 5544000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1584000. R = (1584000 × 100)/(3960000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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