A sum of Rs. 288000 amounts to Rs. 403200 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 288000 amounts to Rs. 403200 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 115200. R = (115200 × 100)/(288000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

At what rate percent will Rs. 25000 give Rs. 7500 interest in 5 years?

A. 6%

B. 8%

C. 5%

D. 7%

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Correct Answer: Option A

Explanation:
R = (7500 × 100)/(25000 × 5) = 6%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 396000 amounts to Rs. 554400 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 158400. R = (158400 × 100)/(396000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 243000 amount to Rs. 340200 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 97200. T = (97200 × 100)/(243000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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