A sum of Rs. 2925000 amounts to Rs. 4095000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2925000 amounts to Rs. 4095000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1170000. R = (1170000 × 100)/(2925000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 90000 for 3 years at 7% per annum is

A. Rs. 18900

B. Rs. 19100

C. Rs. 18700

D. Rs. 19300

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Correct Answer: Option A

Explanation:
SI = (90000 × 7 × 3)/100 = 18900.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 756000 amount to Rs. 1058400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 302400. T = (302400 × 100)/(756000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Principal giving Rs. 15750 SI in 5 years at 7%

A. Rs. 43000

B. Rs. 44000

C. Rs. 45000

D. Rs. 46000

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Correct Answer: Option C

Explanation:
P = (15750 * 100)/(7 * 5) = 45000.

This question belongs to: Maths Simple Interest

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