A sum of Rs. 2745000 amounts to Rs. 3843000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2745000 amounts to Rs. 3843000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1098000. R = (1098000 × 100)/(2745000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 151200 interest in 6 years at 7% SI is

A. Rs. 359000

B. Rs. 360000

C. Rs. 361000

D. Rs. 358000

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Correct Answer: Option B

Explanation:
P = (151200 × 100)/(7 × 6) = 360000.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 2520000 amounts to Rs. 3528000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 1008000. R = (1008000 × 100)/(2520000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 24985 amounts to Rs. 49970 in 10 years at simple interest. Rate is

A. 12%

B. 10%

C. 9%

D. 13%

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Correct Answer: Option B

Explanation:
SI = 24985. R = (24985 * 100)/(24985 * 10) = 10%.

This question belongs to: Maths Simple Interest

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