A sum of Rs. 2835000 amounts to Rs. 3969000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2835000 amounts to Rs. 3969000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 9%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1134000. R = (1134000 × 100)/(2835000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Rate for Rs. 245000 to Rs. 318500 in 3 years SI

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 73500. R = (73500 * 100)/(245000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 1656000 amount to Rs. 2318400 at 8% simple interest?

A. 5 years

B. 6 years

C. 4 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 662400. T = (662400 × 100)/(1656000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 864000 for 3 years at 24% per annum is

A. Rs. 622280

B. Rs. 621880

C. Rs. 622080

D. Rs. 622480

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Correct Answer: Option C

Explanation:
SI = (864000 × 24 × 3)/100 = 622080.

This question belongs to: Maths Simple Interest

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